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And in the morning, WTI rose 7.03 percent to $ 24.36, and North Sea Brent rose 4.6 percent.
Prices continued to rise in the afternoon in the Asian markets, as the price of WTI reached $ 23.94 (an increase of 5 percent), while the price of Brent crude continued to rise by 4.2 percent in the afternoon transactions, a slight decrease from the morning trading, and the price of a barrel $ 32.83.
OPEC and its partners (OPEC Plus Group) agreed on Sunday evening during a video conference on the “largest production cut in history”, in the hope that this would contribute to raising the price of oil amid the spread of the Covid-19 epidemic.
It is worth noting that the “OPEC” group and its partners (the OPEC Plus Group) agreed on Sunday to an unprecedented reduction in production equivalent to about 10 percent of the global supply, to support the prices of crude crumbling in the midst of the Corona virus pandemic.
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And in the morning, WTI rose 7.03 percent to $ 24.36, and North Sea Brent rose 4.6 percent.
Prices continued to rise in the afternoon in the Asian markets, as the price of WTI reached $ 23.94 (an increase of 5 percent), while the price of Brent crude continued to rise by 4.2 percent in the afternoon transactions, a slight decrease from the morning trading, and the price of a barrel $ 32.83.
OPEC and its partners (OPEC Plus Group) agreed on Sunday evening during a video conference on the “largest production cut in history”, in the hope that this would contribute to raising the price of oil amid the spread of the Covid-19 epidemic.
It is worth noting that the “OPEC” group and its partners (the OPEC Plus Group) agreed on Sunday to an unprecedented reduction in production equivalent to about 10 percent of the global supply, to support the prices of crude crumbling in the midst of the Corona virus pandemic.
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