2020 June 26   10:16

Oil prices start going up

Oil prices grew by 1.29%-1.39%

On 26 June 2020 (07:54, Moscow time), Brent Crude Oil futures price grew by 1.39% to $41.62 per barrel, Light (WTI) for August delivery grew by 1.29% to $39.22 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.

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