Oil prices are going up over to OPEC+ decision to extend oil-production cuts
On 8 June 2020 (08:23, Moscow time), Brent Crude Oil futures price grew by 1.77% to $43.05 per barrel, Light (WTI) for June delivery grew by 1.44% to $40.11 per barrel.
On 12 April 2020, OPEC+ approved new oil output cut by 9.7 million bpd in May-June, 7.7 million bpd in the second half and 5.8 million bpd by May 2022.
On 6 June 2020, OPEC+ agreed to extend oil-production cuts by 9.7 million bpd till the end of July.
