![Crude oil prices continued to decline as doubts about the supply cuts by OPEC+ grew](https://market-tracker.in/wp-content/uploads/2023/12/107265863-1688347243623-gettyimages-1449198646-4056_08_220916-95-600x400.jpeg)
Crude oil prices continued to decline as doubts about the supply cuts by OPEC+ grew
With mounting uncertainty regarding OPEC+ output cuts, crude oil saw a 1.97% decrease, closing at 6281. Fears of a drop in the demand for fuel were exacerbated by worries about China’s economic crisis. In response to declining oil prices and forecasts of a surplus in the upcoming year, the OPEC+ coalition decided to reduce its…