Crude oil prices declined over 1% on Monday after OPEC+ unexpectedly announced a significant production increase of 548,000 barrels per day for August, stoking concerns of a ...

By Lawrence White LONDON (Reuters) -Stocks edged downwards and the dollar drifted near multi-year lows on Monday, after U.S.

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year.

OPEC leader Saudi Arabia is aiming to regain market share amid US shale competition and slow Chinese demand. Oil prices could ...