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Indebta > Investing > Oil Stocks Fall Hard After OPEC Move to Boost Production
Investing

Oil Stocks Fall Hard After OPEC Move to Boost Production

News Room
Last updated: 2025/03/04 at 3:31 PM
By News Room
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Published: March 3, 2025 at 5:16 p.m. ET

Oil stocks dropped sharply on Monday after several members of OPEC and its allies said they expect to start raising production next month, which could push the market into oversupply this year.

It’s a serious negative for the oil market, given that oil demand is rising too slowly to sop up all of the extra supply that could come onto the market over the next several months as countries such as Saudi Arabia boost production. 

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News Room March 4, 2025 March 4, 2025
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