Oil prices rose sharply after OPEC’s decision+

Цены на нефть резко выросли после решения ОПЕК+

OPEC has opposed measures that limit the growth of oil prices

On the first working day of the week, oil has risen more than a dollar to almost $ 80 per barrel.

World oil prices are increasing sharply in the Asian session on Monday, September 24, Interfax reported.

It is noted that traders have reacted positively to the absence of signals OPEC+ further increased oil production to compensate for the possible reduction of supply from Iran.

Thus, the monitoring Committee did not respond to the demands of US President Donald trump to take action aimed at immediate reduction of oil prices.

November futures for Brent crude on London’s ICE Futures exchange on the morning of 24 September rose to $1,01 (1,28%) to $79,81 per barrel.

The contract for oil WTI with delivery in November in electronic trading on the new York Mercantile exchange (NYMEX) rose by $0,83 (1,19%) to $71,61 per barrel.

At the end of last week the price of WTI increased 2.6%, to its highest level since July 13, Brent – 2.2%.

Ministerial monitoring Committee of OPEC+ following the meeting last weekend decided to adhere to the agreements on oil.

According to media reports, the combination of sanctions against Iran and constraints on supply in Saudi Arabia could lead to a sharp growth of prices for “black gold”.


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