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Oil prices rose after the OPEC+ meeting pressed members for full compliance with output cuts of about 7.7 million barrels per day through December. Brent traded near $43.75 and WTI near $41.45.
Analysts said the group's compensation mechanism and possible Russian reaction to the cuts remain key risks.
Firm compliance with output cuts supports crude and the energy costs that feed into diesel and fertilizer. Any rift within OPEC+ could push prices down.
f.aa.com.trSibel Morrow, Firdevs YukselSep 18, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
