OPEC+ Production Cut Extension Supports Oil Prices ...Middle East

OILPRICE - Economy
OPEC+ Production Cut Extension Supports Oil Prices
OPEC+ on Sunday agreed to extend its production cuts for another quarter, but the reaction from oil markets was relatively muted as the agreement had already been priced in. Early on Monday morning, Brent crude was trading at $83.72, while West Texas Intermediate was sitting at $80 per barrel. The extension of the 2.2-million-bpd production cuts from OPEC+ was anything but a surprise. Yet making it official at the Sunday meeting sent a clear signal about the course OPEC+ will continue following. “The decision sends a message of cohesion and…

Hence then, the article about opec production cut extension supports oil prices was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( OPEC+ Production Cut Extension Supports Oil Prices )

Apple Storegoogle play

Last updated :

Also on site :



Latest News