Open Demo Account
Home / Breaking News / Reuters: OPEC+ to Ease Oil Output Cuts by Around 2 Million bpd Between Aug. And Dec.
Oil Rig oil (
Oil Rig

Reuters: OPEC+ to Ease Oil Output Cuts by Around 2 Million bpd Between Aug. And Dec.

Adel 1 July, 2021 4:16 pm Breaking News, Commodities, Market Update

Citing two sources with the knowledge of the matter, Reuters reported on Thursday that the OPEC+ is likely to ease oil output cuts by around 2 million barrels per day between August and December.

Crude oil jumped on the news and was seen at its highest level since October 2018 at $75.87.

Tags

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends