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2020 November 9   09:22

Oil prices grew in response to Biden win

Oil prices grew by 2.6-2.8%

As of November 9 (08:01 Moscow time), Brent Crude futures for January delivery grew by 2.61% to $40.48 per barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for December delivery on the New York Mercantile Exchange grew by 2.77% to $38.19 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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