Crude oil prices posted their biggest daily rise in a year after a surprise announcement by OPEC+ to cut more production jolted markets. The Organization of the Petroleum Exporting Countries and their allies including Russia announced further production target cuts of about 1.16 million barrels per day. As a result, Goldman Sachs raised its Brent price forecasts to $95 and $100 a barrel for 2023 and 2024, respectively. Will the crude hit $100 bbl? Check out the video to know!
ALSO READ | https://www.moneycontrol.com/news/business/mc-explains-whats-behind-the-opec-supply-cut-that-may-lift-oil-prices-to-100-per-barrel-10356221.html
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