Despite falling prices, OPEC+ agrees another accelerated oil output hike for June

OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand.

The Oil-Dollar pair dropped 0.8% in the last session after rising as much as 2.3% during the session. The Ultimate Oscillator is giving a negative signal.
Support: 55.18 | Resistance: 61.39