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    Home»News»OPEC+ production hike ratchets up global oil oversupply, Morgan Stanley says (USO:NYSEARCA)
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    OPEC+ production hike ratchets up global oil oversupply, Morgan Stanley says (USO:NYSEARCA)

    Press RoomBy Press RoomMay 6, 2025No Comments1 Min Read
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    May 05, 2025 7:56 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COMBy: Carl Surran, SA News Editor
    Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

    SlavkoSereda/iStock via Getty Images

    Crude oil futures settled at the lowest levels in more than four years Monday after the decision by OPEC+ to accelerate its production increases sparked concerns about rising global supply at a time when the demand outlook is uncertain.

    Crude

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