Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production

Oil prices fell to their lowest level of the year as OPEC and allies confirmed plans to increase crude production starting in April, potentially leading to oversupply. The move is seen as a response to political pressure, including from the Trump administration, with U.S. oil prices settling at $68.37 a barrel on Monday, down 2 percent. OPEC Plus stated they may adjust their plans based on market conditions to support oil market stability.

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