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Oil: price stability

03/06/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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As investors digested the complex deal negotiated by producer group OPEC+ to extend several levels of production cuts, most of them until 2025, oil prices were little changed on Monday.

Brent futures contracts for delivery in August were down 9 cents to $81.02 per barrel at 12:09 GMT. U.S. West Texas Intermediate (WTI) crude futures for delivery in July slid 14 cents to $76.85. The first-month contract for Brent, for example, has fallen by a few dollars since Reuters first reported that such an OPEC+ deal was in the works last week

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