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Business & Economics

Oil rebounds after OPEC+ sticks to same output hike in July vs June

Reuters
Summary
Nutrition label

77% Informative

OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months .

The group known as OPEC+ looks to wrestle back market share and punish over-producers.

Oil traders said the decision for a 411,000 -bpd output hike has already been priced into Brent and WTI futures.

VR Score

89

Informative language

96

Neutral language

40

Article tone

formal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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