OPEC Plus faces challenges in increasing oil supply amid weak demand

OPEC+ is facing limited options for increasing oil production capacity that is currently not being utilized.

Senior trading executives believe that any decision to bring back barrels will likely be delayed.

The recent drop in oil prices to around $70 a barrel is due to lower-than-expected demand and expectations of increased supply in 2025.

Traders are cautious as they analyze the impact of these factors on future pricing and production strategies.

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