OPEC Plus Agrees on Oil Production Increase, Easing Pressure on Supplies and Prices

Gary Ross, chief executive of Black Gold Investors, an oil trading firm, agreed. “The U.S. has to be quite happy with the agreement,” he said. “It shows that OPEC is going to increase supply to meet rising potential demand.”

Where prices go from here is a matter of intense debate. Some analysts say that even with more oil from OPEC Plus, markets are likely to remain tight in the coming months. Brent crude, the international benchmark, closed at a little over $73 a barrel on Friday. Goldman Sachs forecasts that it could reach $80 a barrel this summer, and other

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