Crude Oil Futures Rise on Supply Data and OPEC+ Outlook

El Economista

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The Organization of Petroleum Exporting Countries (OPEC) stressed that there is fear of a possible excess of supply, in the face of the organization's continuous increases in production in a weak demand environment.According to OPEC's World Oil Outlook 2025, there are "fears at an excess of demand, or more precisely, at the inability of supply and infrastructure to keep up with the robust growth of demand."The futures of Brent crude rose 80 cent…