Eight OPEC+ producers accelerate crude oil output hikes, pushing oil prices down 6%
1. OPEC+ to raise crude oil output by 411,000 barrels per day starting in May. 2. Brent crude prices fell 5.94% to $70.50 per barrel post-announcement. 3. The decision follows economic tensions after U.S. tariffs on trade partners. 4. The increase in output may impact global oil prices, affecting BNO's performance. 5. OPEC can pause or reverse output hikes based on market conditions.