Finance

Crude climbs as sanctions concerns outweigh moderate Opec+ output hike

Crude oil futures trading around 2% higher in European trade on Monday as anticipated Opec+ output increase smaller than previous reversals to production cuts

The Opec+ group of exporting countries announced on Sunday that it would increase output by 137,000 barrels per day starting in October.
The Opec+ group of exporting countries announced on Sunday that it would increase output by 137,000 barrels per day starting in October.Photo: REUTERS/SCANPIX
Enterprise editorLondon
Published 8 September 2025, 10:11Updated 8 September 2025, 15:48
Opec+UkraineUkraine CrisisRussiaDonald Trump