© Reuters
Investing.com – It rose sharply in early trading on Monday, following the OPEC+ meeting on Sunday.
Brent oil prices increased by 3% to reach the level of 78.42 per barrel, while West Texas Intermediate crude oil recorded $73.95 per barrel, an increase of 2.92%.
The most important statements of the Saudi Minister of Energy, Abdulaziz bin Salman:
- Voluntary cuts of one million barrels per day will be applied starting next July
- Voluntary cuts can be extended
- Saudi Arabia continues with voluntary cuts until 2024
- The kingdom will produce 9 million barrels per day in July
- Russia is committed to the reductions commitments
- We will keep the markets waiting to see if the cuts are extended or not
- We do not target oil prices
- Oil price cuts are proactive measures
- We will review the need to make decisions with further reductions each month
2023-06-04 22:36:00
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