Oil prices rose today, after a sharp drop in prices recorded yesterday, and prices rose with the support of cuts by countries in “OPEC +”, which are scheduled to enter into force starting from next month.
By 09:17 Moscow time, US West Texas Intermediate crude futures rose 1.02% to $80.55 a barrel.
While Brent crude futures rose by 0.93% to $84.96 a barrel, according to Bloomberg agency data.
Prices recorded a decrease of more than 1% in yesterday’s trading, and US crude closed down by 1.2% at $79.74 a barrel, while Brent crude closed at $84.18 a barrel, down by 1.1%.
One of the main events for the oil market this week is the publication of reports from the Energy Information Administration of the US Department of Energy, the International Energy Agency and OPEC.
This article was originally published by RT.
