Oil prices up 

Economic Department
Author

As of 8:50 a.m. (GMT +4), the price of Brent crude went up 0.76 percent to $62.62 a barrel, Report informs.

The WTI crude price increased by 0.95 percent to $59.21 a barrel.

The 4 percent decline in the oil price yesterday was caused by doubts about the increase of demand in line with growth in output by OPEC+. So the output cut will be 7.3 million bpd in May, including Saudi Arabia’s reduction, 6.6 million bpd in June, and 5.76 million bpd in July.

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