OPEC+
Brent crude oil futures dropped by 30 cents or 0.36 percent, settling at $82.86 per barrel
OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
U.S. crude production escalates to 13.15 million barrels per day in February
Brent futures rose by $2.63, reaching $89.74 per barrel
This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month
Brent crude futures for June delivery fell 23 cents, or 0.2 percent, to $90.22 per barrel
Sustained oil output, growing non-oil investments key to healthy economy
OPEC sees demand growing by 2.25 million barrels per day in 2024
Brent oil futures expiring in June rose by 0.6 percent to reach $90.89 per barrel
The rise in prices is fueled by geopolitical tension and supply concerns
