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2020 August 27   09:31

Oil market sees mixed price movements

Fluctuation of oil prices is caused by Hurricane Laura

As of August 27 (08:14 Moscow time), Brent Crude futures price climbed by 0.33% to $45.79 per barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for September delivery on the New York Mercantile Exchange climbed by 0.02% to $43.38 per barrel.

OPEC+ approved on April 12, 2020, 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.

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