Brent crude rises to $89 per barrel, first time in 10 months

Brent crude rises to $89 per barrel, first time in 10 months

by Joseph Anthony
175 views

For the first time in ten months, the price of global oil Brent crude increased to $89.3 per barrel, while the price of US West Texas intermediate crude increased to $85.45 per barrel.

As a result of Russia’s agreement to reduce exports by 300, 000 barrels per day in September after a reduction of 500,000 barrels per day in August, there are growing concerns about tightening oil supplies.

A voluntary cut of one million barrels per day by Saudi Arabia is also anticipated to continue through October of this year.

You may also like

Leave a Comment

Herald Nigeria is an independent online publication which provides readers with the latest breaking Nigerian news, world news, entertainment, sports, business and many more.

@2024 – Heraldngr.com. All Right Reserved.

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00