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2020 November 16   09:24

Oil prices rise in expectation of new OPEC+ measures

Oil prices rose by 1.03-1.4%

As of November 16 (07:52, Moscow time), Brent Crude futures for January delivery grew by 1.03% to $43.22 per barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for December delivery on the New York Mercantile Exchange rose by 1.4% to $40.69 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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