Thursday, March 4, 2021

Oilprice — Oil Soars As OPEC+ Sources Suggest No Production Increase

The U.S. oil benchmark, WTI Crude, jumped early on Thursday to above $64 a barrel, soaring by more than 5 percent, after OPEC+ sources began telling reporters that the coalition may be close to agreeing not to increase their collective oil production in April. WTI Crude prices were surging by 5.06% at $64.21 as of 11:18 a.m. ET on Thursday. Brent Crude prices jumped above $67 per barrel, to $67.17, up by 5.10%, after OPEC+ sources started to leak insights from the ongoing OPEC+ ministerial meeting.…
Oilprice
Oil Soars As OPEC+ Sources Suggest No Production Increase
Tsvetana Paraskova

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1 comment:

Matt Franko said...

“ WTI Crude, jumped early on Thursday to above $64 a barrel, soaring by more than 5 percent,”

LOL it’s used to be $150.... now it’s “soaring “ to $64...

I smell an Art Degree.....