2020 November 17   09:29

Oil prices continue rising

Oil prices rose by 0.68-0.84%

As of November 17 (07:59, Moscow time), Brent Crude futures for January delivery grew by 0.84% to $44.19 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 0.68% to $41.62 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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