OPEC nations decide to pump more crude

Investors’ caution pushes oil prices up

Posted: June 23, 2018 at 3:59 a.m.
Updated: June 23, 2018 at 3:59 a.m.

Suhail Mohamed Al Mazrouei , minister of energy for the United Arab Emirates, said Friday in Vienna that the crude output decision is “challenging” for some countries, but he indicated others could pick up the slack.

The countries of the OPEC cartel agreed Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy prices.

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