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2020 November 23   09:25

Oil prices rise on hope for demand recovery

Oil prices rose by 0.21-0.42%

As of November 23 (07:46, Moscow time), Brent Crude futures for February delivery rose by 0.42% to $45.26 per barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for January delivery on the New York Mercantile Exchange rose by 0.21% to $42.51 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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