OPEC+ delayed a planned increase in oil production, causing prices to rise as analysts debate the long-term impact on the market.

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Oil futures ... leave the market having to rethink the strategy of OPEC+," according to ING analysts. "This delayed supply ...

Oil futures finished sharply higher Monday after members of OPEC+ - made up of the Organization of the Petroleum Exporting Countries and its allies - said they would wait yet another month before ...

OPEC+ has delayed its planned production increase for a second time, citing market conditions and geopolitical uncertainties.

Last month, OPEC reduced its outlook for oil demand ... support prices than many believe," ING said in a note referring to reports that some OPEC+ members weren't complying with the output cuts.

The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.