2nd June 2021 Morning Report

Oil producers like Russia and OPEC agree to increase the oil production as the oil prices soared on Tuesday. It says that Saudi Arabia will increase 350,000 barrels per day in June and 441,000 barrels per day in July, but the demand growth still outpace the supply. 

Brent crude oil price was above $71 a barrel; West Taxes was above $68.50 a barrel.

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