Crude rebounds after selloff stokes output concerns

Benchmark futures climb over 3% after latest Opec+ production announcement triggered sharp selloff on Monday

A component from an oil pumpjack lays on the ground in Runge, Texas. — A component from an oil pumpjack lays on the ground in Runge, Texas.Photo: AFP/SCANPIX

London/Houston

Published 6 May 2025, 15:46Updated 6 May 2025, 21:59

Oil Price Opec Opec+