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Oil price soars 5%
Energy
- 03 December, 2018
- 07:08
Baku. 3 December. REPORT.AZ/ Oil prices soared by around 5 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, Qatar announced it will leave OPEC in January 2019, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.
Report informs that as of 10:52 a.m. (GMT +4), Brent crude rose by 4.73% to $62.27 a barrel, WTI crude price soared by 5.11% to $53.53 a barrel.
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