Black gold prices are heading towards recording a third consecutive weekly rise, and this comes in light of the “OPEC +” decision to reduce oil production by 1.6 million barrels per day until the end of this year.
By 15:10 Moscow time, US West Texas Intermediate crude futures rose 0.11% to $80.70 a barrel.
While Brent crude futures rose by 0.15% to $85.12 a barrel, according to Bloomberg agency data.
Oil prices are heading towards achieving a third consecutive weekly rise of more than 7%, after the decision of countries in the “OPEC +” group to reduce oil production by 1.6 million barrels per day until the end of this year.
This article was originally published by RT.