July 5, 2025

Oil prices plunge after OPEC+ agrees to another production boost (USO:NYSEARCA)

Robbie Ku01 mins

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May 04, 2025 7:39 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, USL, SCO, BNO, GUSH, DRIP, USOI, CO1:COMBy: Carl Surran, SA News Editor
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Crude oil futures have dropped more than 3% Sunday after OPEC+ agreed to accelerate production increases for a second straight month in June by 411K bbl/day.

U.S. WTI crude (CL1:COM) for June delivery recently traded -3.4% at $56.28/bbl and

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