Oil prices are recovering
Oil prices rose by 0.36%-0.48%
As of September 22 (07:41 Moscow time), Brent Crude futures price grew by 0.36% to $41.59 per barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for October delivery on the New York Mercantile Exchange grew by 0.48% to $39.5 per barrel.
Oil prices are recovering after a recent drop amid concern over the 'second wave’ of coronavirus and its impact on the demand for commodity.
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.