Hopes for lower OPEC production raise oil prices
The price of Brent crude oil reached 53.16$ on Tuesday at 07:40 and the price of the US WTI index reached 47.99$.
Reuters news agency quoted Shana as saying, the price of Brent crude oil reached 51.90 $ yesterday and the price of the US WTI index reached 46.75$.
Edward Moya, a senior analyst at the Oanda Institute in the United States, said that after the world’s economic powers showed signs of unity in the face of the economic consequences of the Corona virus, oil prices also recovered part of their boom after Russia backed down and agreed to intensifying the decline in oil production at this week’s OPEC meeting.
