The price of oil crashed on Thursday morning as OPEC+ announced it would be speeding up its planned increase in oil output by hiking production more than expected in May.
Just before 11 am EST, both international and domestic benchmark oil prices had dropped by more than $5 a barrel, with Brent Crude down $5.22 to trade at $69.75. West Texas Intermediate dipped by $5.45 to $66.26.
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