Baku 21° C
Oil surges after sharp decline
Other countries
- 11 March, 2020
- 05:13
Add Report.az to preferred Google sources
Stay up to date with the top news!
Global oil prices continue to recover after a sharp decline on Monday, with their growth rate already above 3%. Brent has gone up by more than 4%, Report informs, citing the results of trading.
As of 06:13 am Baku time, the cost of May futures for Brent rose by 4.03%, to $38.72/barrel. The price of April futures for WTI oil increased by 3.26%, settling at $35.48 per barrel.
Oil prices plunged more than 30% following the collapse of the OPEC+ deal. Brent oil reached the maximum from January 2016, and WTI - from February 2016. Prices started to recover on Tuesday with quotations rising more than 10% during trading.
Author
Latest News
00:28
Ali Asadov sends congratulations to Morocco's first female head of government
Foreign policy
00:22
Azerbaijani wrestlers win two gold medals at Vladikavkaz tournament
Individual sports
23:35
Video
President Ilham Aliyev's social media accounts shared video on Cambodian Prime Minister's visit to Azerbaijan
Foreign policy
23:17
Parviz Shahbazov: Oil market stability also depends on safe energy deliveries
Energy
23:11
Georgia seeks role in China-Kyrgyzstan-Uzbekistan transport route
Region
22:34
Education authorities inspect dress-code compliance in Baku schools
Education and science
22:15
Photo
Azerbaijani photo club continues 'landmine-free world' campaign in Sarajevo
Foreign policy
21:59
Shaffer: Military outcome paved way for Armenia-Azerbaijan peace
Foreign policy
21:31
29 foreign ministers accuse Iran of hostile hybrid activities
Other countries