For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Crude Oil Surges To 3-Month High

|

Crude oil prices rose on Wednesday, as production cuts being maintained and opening-up of lockdown across the globe, pushed prices higher

Brent crude rallied to a 3-month high of $37.16 per barrel, the highest since March, 2020.

Crude Oil Surges To 3-Month High
 

All of the benchmark crude, have seen a sharp rally in the last one week, in line with the global stock markets.

According to a Reuters report, the Organization of the Petroleum Exporting Countries and others including Russia may extend production cuts of 9.7 million barrels per day (bpd), or about 10% of global output, into July or August.

The OPEC meeting is scheduled to be held later on Thursday and markets will await to see, if there will be production cuts.

Read more about: crude oil
Story first published: Wednesday, June 3, 2020, 10:38 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more