Oil prices rose, in trading today, Monday, supported by the production cuts announced by countries in the “OPEC +” group, starting next May.
By 09:55 Moscow time, US West Texas Intermediate crude futures rose 0.12% to $80.80 a barrel.
Brent crude futures rose by 0.04% to $85.15 a barrel, according to Bloomberg data.
Despite the rise in black gold prices thanks to the “OPEC +” cuts, fears of an economic recession in the world limited the gains.
This article was originally published by RT.