Baku 31° C
Oil prices up when new OPEC+ deal coming into force
Energy
- 01 May, 2020
- 06:35
World oil prices are rising on Friday morning - the day when a new OPEC+ agreement to cut production comes into force, Report says, citing the RIA Novosti.
So, June futures for WTI crude oil rose by 3.93% to $19.58 a barrel. Moreover, earlier in the course of trading, the indicator reached $20.45 a barrel.
July futures for North Sea Brent crude oil are up 1.66% to $ 26.93 a barrel.
On Friday - May 1, the new OPEC+ agreement comes into force, which envisages the reduction of oil production by almost 10 million barrels per day in the first two months.
Author
Latest News
12:09
Shusha Global Media Forum seen as platform to resist manipulation
Media11:55
Photo
Experts evaluate AI impact on media at Shusha forum in Azerbaijan
Domestic policy11:46
Pellegrini: Azerbaijan plays key role in region
Foreign policy11:38
Pellegrini: Slovak firms contribute to Karabakh's development
Foreign policy11:33
Pellegrini praises Ilham Aliyev's contribution to reducing tensions in region
Foreign policy11:29
Peter Pellegrini: School in Aghdam to bear name of Slovakia's national hero
Education and science11:27
Ilham Aliyev grateful to Slovakian president for visiting Karabakh
Foreign policy11:27
Slovak Embassy in Baku to continue to serve as NATO Contact Point
Foreign policy11:22
Video