By 8:23 in Kyiv, September futures for Brent rose in price on the London ICE Futures exchange by $0.31 (0.72%), up to $43.11 per barrel. On Friday, Brent fell $0.34 (0.79%) to $42.8 per barrel. It is reported by Interfax.
August futures for WTI rose by this time on the New York Mercantile Exchange (NYMEX) by $0.29 (0.72%), to $40.53 per barrel. For the previous session, the contract fell by $0.83 (1%), to $40.24 per barrel. On Friday, the main trading on the NYMEX was not held due to the weekend in the United States.
Over the past week, both contracts have risen in price by more than 4%.
At the end of July, OPEC+ deal to reduce production by a record 9.7 million bpd expires, and from August the volume of reduction should be 7.7 million bpd. The next meeting of JMMC is scheduled for July 15.
Earlier it was reported that Kazakhstan exceeded its obligations to reduce oil production under the OPEC+ deal in June.
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Kazakhstan exceeded its obligations to cut oil production under the OPEC + agreement in July