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Oil prices are recorded at $ 67.77 for Brent and $ 64.87 for US crude



Oil prices recorded today, 67.77 dollars a barrel, for Brent crude futures for delivery in May, and US West Texas Intermediate crude futures recorded 64.87 dollars a barrel.

 

Oil prices rose today, by more than 1%, to continue the gains made in the previous session, after OPEC and its allies agreed not to increase supplies in April, as they await a greater recovery of demand in light of the Corona virus pandemic - according to Reuters.

 

The Saudi Energy Minister said yesterday that the Kingdom will extend the reduction in voluntary oil production of one million barrels per day, and will decide in the coming months when it will begin to gradually backtrack.

 

"We are not in a hurry ... we are cautious," Prince Abdulaziz bin Salman told a press conference after a meeting of OPEC + ministers, adding that Saudi Arabia will decide when to end the voluntary production cut "at the appropriate time for us."

 

Russian Deputy Prime Minister Alexander Novak said on Thursday that global oil markets have not fully recovered from the pandemic, but they are better off than last year.

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