OPEC+ extends deal until 2023-end

The OPEC+ deal has been extended until the end of 2023, the OPEC+ countries will reduce oil production by 2 million barrels per day from November, Report informs.

Meetings of the monitoring committee will be held every two months, meetings of OPEC+ ministers - every six months. The next OPEC+ ministerial meeting will take place on December 4.

Amid the news of the OPEC + decision, world oil prices are showing volatility.

According to trading data, the price of December futures for Brent crude grew by 0.56% to $92.29 per barrel, November futures for WTI rose by 0.37% to $86.84 per barrel.

Immediately after the publication of the news, prices accelerated the growth to 1.5%, but then even started to decline.