OPEC+ Ups The Ante Via Another 411,000 Barrels Per Day Oil Output Hike

1. OPEC+ increases oil production by 411,000 bpd despite weak prices. 2. U.S. suppliers may face pressure from increased OPEC+ production. 3. Global oil inventories remain elevated, signaling potential price drops. 4. Market reactions indicate forecasted surplus may impact oil profitability. 5. Another production hike is likely next month based on market conditions.