Home » World » Oil prices rose: Markets: Economy: Lenta.ru

Oil prices rose: Markets: Economy: Lenta.ru

Brent crude prices rose by more than five percent. This is evidenced by trading data on the London ICE.

According to the site at 01:00 Moscow time, the price of July Brent futures reached $ 28 per barrel, thus jumping by 5.9 percent.

WTI crude oil also went up by 6.6 percent. For a barrel of raw materials for delivery in June they give 21.1 dollars.

On May 1, the OPEC + agreement on the limitation of oil production entered into force, under which the reduction in the first two months will amount to 9.7 million barrels per day. The maximum obligations were assumed by Russia and Saudi Arabia, which agreed to remove 2.5 million barrels from the market, if we count from the level of 11 million barrels.

What is happening in Russia and in the world? We explain on our YouTube channel. Subscribe!

Leave a Comment