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Recevez les dernières nouvelles économiques de ForexMart, y compris les mises à jour des marchés financiers, les actions de la Banque centrale, les performances financières et d'autres nouvelles pertinentes qui pourraient avoir un impact sur l'industrie.

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The price of Brent returned to the level of $80 per barrel

Juin, 07 2024
watermark Economic news

Oil quotes increased their growth on Friday afternoon, continuing the upward trend of yesterday. The current price of Brent oil is $80.30 per barrel, North American WTI oil is trading near $76.20. 


In the previous session, Brent rose in price by 1.9%, and WTI – by 2%. However, both brands end the week with a negative result due to OPEC+'s decision to gradually lift additional production restrictions starting in October this year.


Last weekend, OPEC+ participants extended the current production quotas for the whole of next year, maintaining additional restrictions in the amount of 2.2 million barrels per day until the end of September, and then plan to gradually remove them.


Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman called the last OPEC+ meeting one of the most successful, and OPEC Secretary General Haissam al-Gais expressed optimism about maintaining high demand for oil in the world.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.