OPEC+ Choice to Drip-Feed Oil Supply Sends Price to 7-Year High
- There had been speculation the group could opt for larger hike
- WTI crude rises to highest in since 2014 in New York
The oil refinery of Ras-Tanura, Saudi Arabia.
Photographer: Langevin Jacques/Sygma/Getty Images
This article is for subscribers only.
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.
OPEC+ agreed to maintain its schedule of gradual monthly production increases, triggering a surge in crude prices.