Oil Down, OPEC+ Agrees on February Output Hike but Tight Market Caps Losses By Investing.com – Investing.com

Oil Down, OPEC+ Agrees on February Output Hike but Tight Market Caps Losses By Investing.com – Investing.com

By Gina Lee

Investing.com – Oil was down on Wednesday morning in Asia, with the Organization of the Petroleum Exporting Countries and allies (OPEC+) keeping its plan to increase supply for February 2022 as the fuel demand outlook brightens.

were down 0.24% to $79.81 by 10:04 PM ET (3:04 AM GMT) and were down 0.22% to $76.83.