- Analytics
- News and Tools
- Market News
- Oil higher in early trading
Oil higher in early trading
This morning, New York crude oil futures for WTI rose by + 0.20% to $ 44.60 and Brent crude oil futures rose in price by 0.06% to $ 46.51 per barrel. Thus, the black gold is trading in the green zone on the background of statements by the Algerian Minister of Energy on the informal meeting of OPEC on Monday, who said that all possible options regarding the reduction or freezing of production are open. Recall that the OPEC countries will meet on the sidelines of the International Energy Forum in Algiers on 26-28 September to discuss the potential and the limitation of the production agreement. It will be a close call as Saudi Arabia does not expect the adoption of any decision in Algeria, but it is ready to cut production volumes, if Iran will join the agreement this year, Reuters writes.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
