The OPEC+ on Wednesday announced its decision to cut crude oil output by 2 million barrels per day, the new production cap levels will come into force from November 2022.
Rising prices are starting to threaten oil demand in Asia, especially in a country like India, which is starting to feel the pressure more than others, says Paul Hickin
Oil prices hit their highest in over three years on Wednesday after US President Donald Trump threatened to fire missiles at Syria in response to a suspected chemical attack last week