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Gas prices spike after OPEC+ meeting called off, failed to reach agreement

Gas prices spike after OPEC+ meeting called off, failed to reach agreement By: Newsy Staff and Scripps National Posted at 5:35 PM, Jul 06, 2021 and last updated 2021-07-06 18:36:19-04 Expect to pay even more at the gas pump. Oil prices have climbed dramatically, reaching a six-year high, after a meeting of oil-producing countries was canceled this week. That means there is no agreement on increasing production to meet the high demand of oil. The Organization of the Petroleum Exporting Countries and its allies, also known as OPEC+ was considering a proposal to bring 400,000 barrels a day back to the market. The United Arab Emirates objected to other aspects of the deal and an agreement could not be reached.

European stocks falter after Asian markets decline

European stocks falter after Asian markets decline By AFP - Jul 05,2021 - Last updated at Jul 05,2021 London stocks go up as oil prices rise ahead of an output decision by the Organisation of the Petroleum Exporting Countries (AFP photo) LONDON European stock markets faltered on Monday after a mainly downbeat Asian session, but London rose on takeover news and rising oil prices before an output decision by the Organisation of the Petroleum Exporting Countries (OPEC). In early afternoon eurozone deals, Frankfurt stocks dipped and Paris flatlined, as investors eyed poor Chinese data. With US markets shut for the Independence Day holiday, no momentum was expected from the other side of the Atlantic.

Saudi Arabia and the UAE: When crown princes fall out

Saudi Arabia and the UAE: When crown princes fall out
themuslimtimes.info - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themuslimtimes.info Daily Mail and Mail on Sunday newspapers.

Dow Jones Suffers Sharpest Loss in 3 Weeks as Oil Prices Plunge

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