Oil prices stable

Global oil prices remained unchanged on September 6 morning after rising on September 5, reported from the auction data.

The price of November futures for Brent oil remained at the level of the previous close at $90.04 per barrel, October futures for WTI at $86.69.

A day earlier, oil prices rose by more than 2%, and the cost of Brent exceeded $91 per barrel for the first time since November 17.

On September 5, the SPA news agency, citing a source, said that Saudi Arabia would extend a voluntary cut in oil production by 1 million barrels per day until the end of the year. Almost simultaneously, Russian Deputy Prime Minister Alexander Novak announced that the country would extend a voluntary reduction in oil exports by 300,000 barrels per day until the end of the year.

Markets now look forward to September 7 weekly US statistics. Experts predict that in the week to September 1, commercial oil inventories decreased by 1.4 million barrels after falling by 10.6 million barrels a week earlier.

www.anews.az