Oil price futures gap lower to open the week’s trade – OPEC+ supply hike cited

Brent and WTI both slammed lower to open the new week’s trade.

Brent down over 3%.

News here posted earlier:

• OPEC+ to accelerate oil output hikes, warns of ending voluntary cuts if compliance lags

While we’re here, US equity index futures trade has also reopend for the week. ES and NQ down around 0.2%.

This article was written by Eamonn Sheridan at www.forexlive.com.