Commodity Special Show: Oil Jumps On Surprise Output Cut; Are We Heading For An Oil Supply Shock?
Zee Business Video Team | Updated: April 3, 2023 22:10 pm
Oil prices spiked Monday after OPEC+ producers unexpectedly announced that they would cut output. The Brent price of the global market jumped 8% to cross $86. Saudi Arabia will reduce production by 5 lakh barrels per day.
