July 14, 2024
First Time In 10 Months, Brent Crude Hits $89 Per Barrel
News Today In the News

First Time In 10 Months, Brent Crude Hits $89 Per Barrel

For the first time in 10 months, Global oil Brent crude rose to $89.3 a barrel while US West Texas intermediate crude rose to $85.45 a barrel.

Expectations of tightening oil supplies have grown over Russia after it agreed to cut exports by 300 thousand barrels per day in September following a five hundred thousand barrels per day cut in the month of August.

READ ALSO: AfDB To Provide $25 Billion For Africa’s Climate Finance By 2050

Also, Saudi Arabia is expected to roll over a voluntary one million barrels per day cut into October this year.

Leave feedback about this

  • Quality
  • Price
  • Service

PROS

+
Add Field

CONS

+
Add Field
Choose Image
Choose Video