Oil Prices Rise After OPEC Agreement

oilOil.Photo: pixabay.com
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OPEC has agreed to cut oil production, according to Reuters. Oil prices rose sharply after the information was released.

The spot price of North Sea oil has appreciated by around 3 dollars a barrel the few hours from closing until the message arrived. Before 21:00, the price was $48.47.

It is not clear who is Reuters’ source for information about an agreement on production cuts this November.

 

Source: NTB scanpix / Norway Today

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