Oil prices fell globally in light of the failure of OPEC Plus to reach a final agreement

0
98


We show you our visitors the most important and latest news in the following article:
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

Saraya – Oil price futures fell during the Asian session to resume PEMEX crude contracts, whose weekly losses stopped last week for the first time in six weeks, while Brent crude contracts are still in their third weekly gain in a row, condoning the decline in the US dollar index, which is about to resume its weekly losses and rebound from The highest for him since the beginning of 2017, according to the inverse relationship between them.
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.

To download the Sharq app: Press here


Subscribe to the newsletter to get the most important news as soon as it is published

Follow us on social media







LEAVE A REPLY

Please enter your comment!
Please enter your name here