World oil prices rose more than 5% after a number of OPEC+ member states, including Russia, announced that they were reducing production of this raw material. DEA News.
As reported, the cost of May futures contracts for WTI crude rose 7.12% to $81.09 per barrel. The June futures price of Brent crude oil rose 7.13% to $85.59 per barrel.
It was learned on the eve that Saudi Arabia volunteered. will reduce From May to the end of this year, oil production increased by 500,000 barrels per day.
On April 2, Deputy Prime Minister of the Russian Federation Alexander Novak will stretch voluntarily reduce oil production by 500 thousand barrels per day from the average production in February until the end of 2023.
Earlier, Reuters, at the meeting of the OPEC + committee on April 3 won’t endure a proposal to change the current oil production plan. A change in the alliance’s oil production policy so far seems unlikely.