Slight weekly gains in oil prices, and a 0.2% rise in...

Slight weekly gains in oil prices, and a 0.2% rise in...
Slight weekly gains in oil prices, and a 0.2% rise in...
(MENAFN – Youm7) Crude oil prices recorded weekly gains at the end of the trading sessions in the futures markets, last Friday, as Brent crude oil contract activities rose slightly by 0.2% compared to the end of the previous week, and US West Texas Intermediate crude contracts for November 2020 delivery increased by 0.7 And oil prices recorded at settlement on Friday, $ 42.93 a barrel for Brent crude futures, and futures contracts for West Texas Intermediate crude were $ 40.88 a barrel.

OPEC + countries plan to reduce production cuts in early January. The group is currently reducing production by 7.7 million barrels per day to contribute to achieving a balance in the market, supporting prices and reducing stocks.

A technical committee of the Organization of the Petroleum Exporting Countries (OPEC) and allies of oil producers, the group known as OPEC +, ended their meeting last Thursday and expressed concern about rising oil supplies while social restrictions to curb Covid-19 restrict fuel consumption, according to Reuters.

A meeting of OPEC + is scheduled for November 30 and December 1 to set policies.

MENAFN1810202001320000ID1100976120

These were the details of the news Slight weekly gains in oil prices, and a 0.2% rise in... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Foodics to become the region’s leading food technology company