Press "Enter" to skip to content

For The First Time Since April 13 .. Brent Crude Above $ 33 A Barrel

Baghdad, Brent crude rose, at dawn today, above $ 33 a barrel, for the first time since April 13, breaking the oil price index for a month, according to trading data on the London Stock Exchange on Monday.

Brent crude futures for June 2020 rose 1.6% to $ 33.02 a barrel.
The last time oil was traded above $ 33 a barrel was on April 13, 2020.

The price of West Texas Intermediate crude for July delivery also rose above $ 30 a barrel for the first time since March 17, making a jump of 1.80%, and at dawn today it reached $ 30.05 a barrel.

The oil prices returned to growth after the agreement to reduce production of OPEC + countries started on May 1. In addition, the decision of many countries, including Saudi Arabia, to voluntarily cut production has positively affected prices.


Source: National Iraqi News Agency

© Copyright 2020. All Rights Reserved. Saudi Arabia News Express