Japan's Nikkei 225 falls 1% as Asia-Pacific stocks slip; OPEC and allies reach deal

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Asia-Pacific stocks set to slip; OPEC and allies reach deal

OPEC and allies reach deal

Investors watched for movements in oil markets on Monday. OPEC and its allies reached a deal on Sunday . Coordinated increases in oil supply from the group — collectively known as OPEC+ — will start in August, OPEC said in a statement.surged more than 40% so far in 2021, with demand for crude rising as the global economy recovers from the pandemic.also declined 0.78% to $71.25 per barrel.

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