Crude oil prices dip below $59 per barrel for 1st time in 4 years
Brent crude oil prices dipped below the $59 per barrel mark on Monday. This was reportedly the commodity's lowest price in four years. The dip comes after the oil-producing group OPEC+ recently announced plans to raise output by 4,11,000 barrels per day in June, marking the second consecutive month of oil production hike.