Oil retreated after OPEC+ decided to ramp up output over the three months to July and figures showed coronavirus infections in India hit a record, highlighting risks to energy demand in one of Asia’s main importers. West Texas Intermediate fell 0.9%, paring the 3.9% gain seen on Thursday, when the alliance agreed to loosen its supply curbs gradually. The grouping will raise production by more 1 million barrels a day in stages between May and July, and over the same period, Saudi Arabia will roll back its voluntary 1-million-barrel-a-day reduction. Markets were closed on Friday for a holiday. WTI fell below $61 after cartel decided to ease supply curbs Crude has staged an impressive rally this year as the roll-out of coronavirus vaccines paves the way for the reopening of key economies, and the decision by the Organization of Petroleum Exporting Countries and its allies was seen as a […]