Several OPEC+ members want the group to approve another accelerated oil output increase

According to sources

• Several OPEC+ members want the group to approve another accelerated oil output increase for June at meeting on May 5

The price of crude oil futures have moved lower on the headlines. The price is now down $-1.54 at $61.93. That is down around 2.5% on the day.

This article was written by Greg Michalowski at www.forexlive.com.