Oil prices pick up as OPEC+ holds oil quotas ahead of July production review
1. OPEC+ maintains current oil production quotas amid rising global demand. 2. Russia and Saudi Arabia are expected to increase output by 1 million barrels daily. 3. Oil prices rose post-OPEC+ meeting, impacting market dynamics positively. 4. Summer demand for oil is forecasted to spike due to seasonal usage. 5. UBS predicts oil prices to stabilize between $60-70 per barrel in coming months.