Oil Prices Sink After OPEC+ Agrees to Boost Production in June
While crude oil prices tumble, one market analyst says the situation may be ‘less bearish.’ U.S. crude oil prices fell by more than 1 percent on May 5, after eight major energy producers agreed over the weekend to accelerate production. West Texas Intermediate (WTI), a U.S. benchmark for oil prices, tumbled by 1.5 percent to