Oil rose about 3% after the OPEC+ alliance agreement
2021-04-01T18:01:02+00:00
Shafaq News/ Oil rose about 3% after the OPEC+ alliance agreed to increase oil production gradually over the next three months.
Reuters reported that U.S. Brent crude exceeded $ 64 a barrel, and U.S. West Texas Intermediate is above $ 60.
Earlier, OPEC+ has reached a preliminary deal to gradually ease production cuts from May, two OPEC+ sources said on Thursday.
The group was still debating exact figures, sources said.
Two sources had said earlier that OPEC+ was considering increasing output by 350,000 barrels per day in May, 350,000 bpd in June and 400,000 bpd in July.
