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Oil prices up when new OPEC+ deal coming into force
Energy
- 01 May, 2020
- 06:35
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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.
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