Traços & Compassos • Trading • Commodities • Business Developed

New agreement to reduce production increases the price of a barrel of oil

Oil prices are rising above 1%, after Russia and OPEC+ reached a consensus on a new cut of one million barrels per day for a period of three months. Russia and the Organization of Petroleum Exporting Countries (OPEC+) reached an agreement on new measures to reduce oil production, in the order of one million barrels per day over the next three months.You can read the full article at the link below. Excerpt from the news: jornaleconomico.pt

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