Opec witness rebound in oil prices, producers set to boost production

Jun 30, 2021 AlShorts Web Desk

Opec witnessed a rebound as oil producers prepare to meet on Thursday for an agreement to increase demand production in August later this year. Oil demand is expected to surge to six billion barrels per day in 2021, said Opec Secretary-General Mohammad Barkindo. Brent Crude futures were up by 50 cents to hit USD75.18 per barrel after a 2% plunge on Monday.