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Global oil prices rise after news of production decline
Energy
- 04 July, 2023
- 05:39
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Global oil prices rose on July 4 morning after the news on July 3 about the decline in production by Saudi Arabia and Russia, Report informs referring to the auction data.
The price of September futures for Brent crude rose by 0.54% to $75.05 per barrel, August futures for WTI grew in price by 0.56% to $70.18.
Expectations of reduced supplies support oil quotes. On July 3, Saudi Arabia announced an extension to August of a voluntary 1 million bpd production cut that began in July.
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