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OPEC+ is reportedly leaning towards resuming oil output hikes from April, sources report; no decision has been made, and discussions will continue heading into the next meeting on March 1

The indication that OPEC+ is considering resuming oil output hikes could lead to increased supply in the market, impacting oil prices when confirmed.

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OPEC+ has reportedly not decided on output plans for April as it stands, Bloomberg reports citing sources; some see scope to resume supply hikes in April

OPEC+ is reportedly leaning towards resuming oil output hikes from April, sources report; no decision has been made, and discussions will continue heading into the next meeting on March 1

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However, as no decision has yet been made, traders should remain cautious and closely monitor developments ahead of the March 1 meeting, as any shifts in output policy could reverberate through related markets like currencies and commodities.

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