Oil Price Gains Amid Constrained OPEC+ Production Hike

Oil climbed after OPEC+ agreed to raise production once again but did so at a modest rate, highlighting some caution from the group as the market heads into an expected surplus. The Organization of the Petroleum Exporting Countries and its partners will add 137,000 barrels a day in October, much smaller than the increments scheduled for the previous two months. Bloomberg’s Stephen Stapczynski reports.