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the Price of Brent crude during trading on London exchange ICE rose above $41. This is evidenced by the trading platform on Friday, June 5.

according to TASS, last time the price of oil rose to this level on March 6.

as at 12.11 GMT, the August Brent futures showed an increase of more than 2.6% compared to the level of the previous session and reached the price of $41,14.

Oil prices began to rise after it became known earlier that two of the Ministerial meeting of OPEC countries and countries outside the organization, will be held for one day, Saturday, June 6. The Ministry of energy, in turn, confirmed the date of the meeting of OPEC+.

In March, world oil prices collapsed after participating countries transactions of OPEC and other major oil exporters are unable to agree on reducing oil production.

the Agreement reached on 12 April, it involves the reduction of oil production to 9.7 million barrels per day in may and June. From July to end of December, the reduction is expected to reach 7.7 million barrels per day, and from January 2021 to the end of April 2022 5.8 million barrels per day.

In December 2021 the parameters of the deal may be revised.

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Jennifer Alvarez is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.