Oil prices continued to rise in trading today, on Monday, after the OPEC + meeting, and Brent crude rose by 4.3%, reaching $ 96.97 per barrel.
Texas oil also rose 4% to hit $90.34 a barrel, while US oil rose 3.3% to hit a record $90.20.
The OPEC+ group earlier today agreed to a symbolic reduction in oil supplies in October, noting that “high volatility and growing uncertainty require an ongoing assessment of market conditions and a willingness to immediately adjust production levels.” various ways, if the need arises.
The group affirmed that it “has the commitment, flexibility and means to address these issues and guide the market within the existing mechanisms of the declaration of cooperation”.
Source: cnbc