# Oil prices up as OPEC pledges commitment to output cuts

> 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.

- Date: 2020-09-18 · published 2020-09-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/51058-oil-prices-up-as-opec-pledges-commitment-to-output-cuts
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- f.aa.com.tr: https://f.aa.com.tr/en/economy/oil-prices-up-as-opec-pledges-commitment-to-output-cuts/1977883

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.