Prices for Brent and WTI oil futures keep increasing in the wake of the OPEC+ decision not to boost production, surging to record-high levels since January 8, 2020, according to the latest market data
MOSCOW (Pakistan Point News / Sputnik - 05th March, 2021) prices for Brent and WTI oil futures keep increasing in the wake of the OPEC+ decision not to boost production, surging to record-high levels since January 8, 2020, according to the latest market data.
Brent was trading above $68 per barrel and WTI was trading above $65 for barrel for the first time since January 8, 2020.
As of 11:00 Moscow time (08:00 GMT), May futures for Brent oil were growing by 1.99 percent to $68.07 per barrel, while April futures for WTI crude were increasing by 1.82 percent to $64.96 per barrel, after topping $65 minutes later.
