India, April 23 -- After seeing considerable strength in overnight trading, the price of crude oil moved sharply lower during Wednesday's session in the U.S.
Crude for June tumbled has plunged $1.52 or 2.4 percent to $62.15 a barrel, more than offsetting the $1.26 or 2.0 percent surge seen on Tuesday.
The sharp pullback by the price of crude oil came as a report from Reuters citing three sources familiar with OPEC+ talk said several members will suggest the group accelerates oil output hikes in June for a second consecutive month.
Following OPEC+'s decision to in April to increase output by 411,000 barrels per day of oil in May, the three sources told Reuters some members want to increase output by a similar volume to the May increase.
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