By Walter Grand in Economy —

OPEC+ agreed to increase production by 100,000 bpd in September - delegate

OPEC+ agreed to increase production by 100,000 bpd in September - delegate
Photo by Ant Rozetsky / Unsplash

With the shortage of energy resources on the market, this OPEC decision is a big positive for oil. Quotes may rise despite the threat of a global recession.

Risky assets may react negatively to OPEC's decision, as oil growth may lead to further inflation.