Crude oil prices extended losses on Monday as uncertainty about the voluntary supply cuts by OPEC+ members announced last week weighed on sentiment. Concerns about global demand also weighed on sentiment.
OPEC+ announced production cuts to shore up flagging prices but Saudi Arabia might be quietly planning to flood the market with cheap oil, according to energy experts.
ALBAWABA – The US dollar slipped as oil prices edged slightly higher over the weekend through Sunday on OPEC+'s initial agreement to further cut output