Baku 23° C
Oil surges after sharp decline
Other countries
- 11 March, 2020
- 05:13
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
23:56
Yaşar Güler: Heroism of martyrs and veterans is the strongest guarantee for Türkiye and Azerbaijan
Region23:48
Schools in 48 remote villages switch to distance learning this year
Education and science23:41
Bloomberg: US automakers urge Trump to ban imports of Chinese cars
Other countries23:27
Azerbaijan to introduce specialized education model in 90 more schools
Education and science23:17
Čeferin calls on Infantino to pay €8.75 million to each FIFA member association
Football22:56
The Hill: Trump to sign bill on anti-Russia sanctions overnight Friday to Saturday
Other countries22:41
Trump says Iran wants to reach deal with US
Other countries22:22
Azerbaijan arranges discussion on rights of landmine victims at UN
Foreign policy22:05