This morning, New York crude oil futures for WTI rose by + 0.20% to $ 44.60 and Brent crude oil futures rose in price by 0.06% to $ 46.51 per barrel. Thus, the black gold is trading in the green zone on the background of statements by the Algerian Minister of Energy on the informal meeting of OPEC on Monday, who said that all possible options regarding the reduction or freezing of production are open. Recall that the OPEC countries will meet on the sidelines of the International Energy Forum in Algiers on 26-28 September to discuss the potential and the limitation of the production agreement. It will be a close call as Saudi Arabia does not expect the adoption of any decision in Algeria, but it is ready to cut production volumes, if Iran will join the agreement this year, Reuters writes.
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