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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAfter four consecutive sessions of decline, oil prices
increased by 1% on Friday. mso-border-alt:solid #E5E7EB .25pt; padding:0cm; font-weight:normal"> padding:0cm; mso-fareast-language:en"> Brent crude oil futures gained 61 cents,
or 1%, to 64.73 dollars per barrel at 06:58 GMT. American crude oil West
Texas Intermediate rose 62 cents, or 1%, to $61.10 per barrel.
Brent was trading down 7.6% and WTI was down by 7% on a weekly basis due to market expectations according to which the OPEC+ group could further increase its production despite concerns about oversupply
According to Tony Sycamore, analyst at IG, “if OPEC+ goes from
Going forward and announcing an increase of 500,000 bpd this weekend, it will probably be
of an increase significant enough to bring the price down again
crude oil, initially up to a support level of $58.00, before a test
lowest this year (of approximately) $55.00.”
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