Montel Logo

    Select your prefered language:

  • * Turkish edition by Montel-Foreks requires separate trial access or subscription.


Technical maintenance

All Montel services are currently unavailable due to planned technical maintenance.

Oil prices rally 3% on expectations of Opec+ output cut


03 Oct 2022 06:16

03 Oct 2022 06:16

(Montel) Oil prices rose around 3% in early trading on Monday amid expectations that Opec and its Russia-led partners plan to cut production.

The front-month contract for Brent crude North Sea oil traded last at USD 87.59/bbl, up USD 2.45 on Friday’s settlement on Ice Futures, while the US WTI equivalent stood USD 2.36 higher on the day at USD 81.85/bbl.

The 23 members of the Opec-led alliance, known as Opec , are due to meet in Vienna on Wednesday to discuss their current production agreement. It will be the…

Share this article on:

URL copied!

English newswire snapshot

Montel uses cookies to improve this website. By continuing to use our website you agree to our use of cookies. Read more about cookies and our privacy policy.