OPEC meeting results + pushed oil prices up up

The results of the OPEC+ meeting in Baku boosted oil. The participants decided not to hold a meeting in April - the next one is scheduled for June. In addition, Saudi Arabia has signaled that the OPEC+ agreement may be extended for the second half of the year, according to Reuters. The country's Energy Minister Khalid al-Falih said it was necessary to continue measures to balance the market, pointing to the high level of world stocks and their continued growth. Brent crude was up 0.6% on Monday and is trading at $67.58 a barrel at 9:03 a.m. today. WTI added 0.9% to $59.48 yesterday, while this morning it dropped to $59.3. $59,3. The Bloomberg forecast that crude oil inventories in Cushing will decrease by one million barrels had a positive impact on prices. At the same time, the growth of oil was limited by market concerns about However, the growth in oil was limited by market concerns about the state of the global economy. A restraining factor was publication of data on Japanese exports in February, which declined for the third month in a row.