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[size=36]Oil prices jump more than a dollar a barrel in anticipation of the OPEC + meeting[/size]
Economie| 08:39 - 05/09/2022
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Follow-up - Mawazine News:
Oil prices continued to reap gains, rising by more than one dollar a barrel in early Asian trading on Monday, amid investors' anticipation of possible moves by OPEC + producers to adjust production and support prices at a meeting later today.
Brent crude futures rose $1.43, or 1.5 percent, to $94.45 a barrel by 0054 GMT, after rising 0.7 percent on Friday.
US West Texas Intermediate crude scored $88.12 a barrel, up $1.25, or 1.4 percent, after rising 0.3 percent in the previous session. US markets are closed for a public holiday on Monday.
Oil prices have fallen for the past three months in a row, after touching multi-year highs in March due to concerns that interest rate hikes and Covid-19 restrictions in parts of China, the world's largest crude oil importer, will slow global economic growth and slash demand. on oil.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, may decide during their meeting later on Monday to maintain current production levels or even reduce production to support prices despite the continued tight supply. Ended 29/N33
Oil prices continued to reap gains, rising by more than one dollar a barrel in early Asian trading on Monday, amid investors' anticipation of possible moves by OPEC + producers to adjust production and support prices at a meeting later today.
Brent crude futures rose $1.43, or 1.5 percent, to $94.45 a barrel by 0054 GMT, after rising 0.7 percent on Friday.
US West Texas Intermediate crude scored $88.12 a barrel, up $1.25, or 1.4 percent, after rising 0.3 percent in the previous session. US markets are closed for a public holiday on Monday.
Oil prices have fallen for the past three months in a row, after touching multi-year highs in March due to concerns that interest rate hikes and Covid-19 restrictions in parts of China, the world's largest crude oil importer, will slow global economic growth and slash demand. on oil.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, may decide during their meeting later on Monday to maintain current production levels or even reduce production to support prices despite the continued tight supply. Ended 29/N33
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