crude
Saudi Arabia announced on the 5th that it would extend the current voluntary production cuts of 1 million barrels of crude oil per day by 3 months until December. Russia also announced on the same day that it would reduce exports by 300,000 barrels until the end of the year. Due to speculation that crude oil supply and demand would be tightened, North Sea Brent crude oil futures, which is an international index, temporarily rose 1% from the previous day to the 90 dollar per barrel range, and surpassed 90 dollars for the first time in 10 months.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
