Oil drops more than $2/bbl as OPEC+ accelerates output hikes

Oil drops more than $2/bbl as OPEC+ accelerates output hikes

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By Florence Tan SINGAPORE (Reuters) -Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply. Brent crude futures dropped $2.04 a barrel, or 3.33%, to $59.25 a barrel by 2240 GMT while U.S. West…

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