Opec+ has agreed in principle to a symbolic increase in May oil quotas while keeping official targets largely unchanged, reflecting caution amid Middle East tensions. The alliance is constrained by damaged infrastructure that cannot quickly return to full capacity, limiting actual supply growth. Oil prices remain high, with Brent at $109 and WTI at $111.50 per barrel.
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Opec+ has agreed in principle to a symbolic increase in May oil quotas while keeping official targets largely unchanged, reflecting caution amid Middle East tensions. The alliance is constrained by damaged infrastructure that cannot quickly return to full capacity, limiting actual supply growth. Oil prices remain high, with Brent at $109 and WTI at $111.50 per barrel.