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Oil prices fell globally in light of the failure of OPEC Plus to reach a final agreement, today, Friday, April 10, 2020 07:40 pm
And futures contracts for oil prices, “Nymex” next May delivery by 15.57 percent to trade at levels of $ 22.76 a barrel compared to the opening at $ 26.28 a barrel, knowing that the contracts started the trading session on an upward price gap after it concluded yesterday’s trading at levels of $ 25.09 a barrel.
Also, Brent crude contracts for next June delivery fell 7.43 percent to trade at $ 31.48 a barrel compared to the opening at $ 33.82 a barrel, knowing that the contracts also started trading on an upward price gap after yesterday’s trading closed at $ 32.84 a barrel, while the index decreased The US dollar 0.12 percent to 99.47 compared to the opening at 99.58, knowing that the index ended yesterday’s trading at 99.52 levels.
Oil producers agreed to reduce production by 10 million barrels per day, that Saudi Arabia reduce its oil production by 3.3 million barrels per day and that Russia reduce its oil production by 2 million barrels per day, as of May and June.
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