The oil market was largely unimpressed by the OPEC+ recent promise of higher output.

Comment: Talk doesn’t equal oil production action

OPEC+ words contrast with Saudi action of raising oil prices

Reuters – The gap between what is said in crude oil markets and what actually happens in the physical trading world has been illustrated by a commitment by the OPEC+ group to boost output being followed by its top member, Saudi Arabia, raising prices.  Producer group OPEC+ said after meeting in early June it would