Oil prices show upward dynamics
Oil prices grew by 0.37-0.4%
On 15 July 2020 (08:24, Moscow time), Brent Crude Oil futures price climbed by 0.37% to $43.06 per barrel, Light (WTI) for August delivery grew by 0.40% to $40.45 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.