There is an increase in oil prices.
There is an increase in oil prices.
Brent crude, a reference for Colombia, rose more than 7% to reach 85 dollars.
Find the validation of The Lie Buster at the end of the news.
On account of the decision of the Organization of Petroleum Exporting Countries and allies (Ope+) to cut oil production, the oil prices are rising.
(You can read: In seven months, the rise in the price of gasoline adds $ 2,000 per gallon)
The entity’s measure was surprising and caused Brent crude, a reference for Colombia, to rise more than 7 percent to reach 85 dollars on last Sunday afternoon, as well as WTI to 81 dollars, according to what reveal diary The Republic.
For its part, West Texas Intermediate rose above 81 dollars a barrel, extending, according to said media, two weeks of gains. as expectations of a tighter market add to concerns about a global banking crisis.
Opec+ promised to make production cuts starting next month that will exceed one million barrels per day.
(We recommend: The world of discouraged young people: the Ninis)
He also announced the reduction in Saudi Arabia (of 500,000 barrels per day, starting next May) and other countries in the Middle East, while Russia said it would keep production at a reduced level.
Thus, crude oil began April with its prices falling upward, after exceeding its worst in the first quarter since 2020, when the covid-19 pandemic hit demand.
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Fernando Umana Mejia
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