Oil Market News: Oil Prices Jump as OPEC+ Delays Output Hike

1m ago 8:42am CST OPEC+ Accused of Boosting Oil Price Volatility The decision by OPEC+ to delay its planned output hike sent oil prices climbing rapidly on Monday morning, just as its announcement of the original output hike plan sent prices falling. While the group maintains that its function is to maintain stability in the oil market, its recent actions have drawn criticism from various figures in the oil industry. The CEO of energy giant Eni Claudio Descalzi noted that the volatility caused by these announcements is undermining much-needed investment...