OPEC+ has agreed to raise oil production by 411,000 barrels per day in July, matching the increases already set for May and June. The decision marks a continuation of the group’s recent strategy shift aimed at reclaiming market share and pressuring members who have been exceeding their output quotas.According to Reuters, eight members are now rolling back a total of 2.2 million barrels per day in voluntary cuts made on top of existing reductions. While Saturday’s agreement, led by Saudi Arabia during a video meeting, reflects a break from OPEC+’s long-standing efforts to prop up oil prices, oil has opened higher, Brent back circa USD64.Its still not too far above a four-year low. This article was written by Eamonn Sheridan at www.forexlive.com.