Goldman Sachs cuts its oil-price forecasts on assumptions of higher OPEC+ supply, three Commodities Research team members say in a report. OPEC+ decided Saturday to increase June production by 411,000 ...

Prices plunged after OPEC and its allies agreed to increase output again, despite weak prices and an uncertain demand outlook ...

U.S. oil prices fell to around $56 a barrel after the OPEC Plus cartel said it would bring more oil to market.

Oil buckled after OPEC+ agreed to another bumper output increase, bolstering global supplies at a time when demand is ...