the Price of Brent crude oil trading today on the London stock exchange have risen above $ 27 per barrel on the background of the entry into force on the first of may 2020 deal OPEC+. A day earlier, at the close of trading on the Moscow stock exchange price of July futures amounted to 26.74 USD per barrel.
the Last few days quotations have grown by 3-4% on the day, amid expectations of a reduction in the production countries, are included in the deal, OPEC+. Similar growth shows and WTI. As of 7.13 Moscow time June futures of WTI rose in price by 3.93% (up to 19.58 USD per barrel). Thus, according to Prime, earlier in the course of the auction rate reached 20.45 dollar for the same amount.
the First of may, comes into force a new agreement to reduce oil production OPEC+, which for the first two months will be nearly 10 million barrels per day, of which the principal amount will have on Russia and Saudi Arabia.
As previously reported, “RG”, countries in the framework of the agreement OPEC agree on 12 April on the reduction of oil production. In may-June of this year the total decrease in production is expected to reach 9.7 million barrels per day, from July to the end of December to 7.7 million, and since the beginning of the year until 2021 may 2022 – 5.8 million barrels per day.
