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The last time the cost of Brent oil was on April 14.
US WTI light oil futures prices USA They are already up 16.2 percent on Tuesday. up to $ 26.48 per barrel.
On April 20, WTI’s oil price fell into a negative zone for the first time in history, and producers had to pay customers as the coronavirus pandemic caused a shortage of demand in global oil storage.
The crisis in the international oil market was also triggered by the price war between one of the main suppliers: Russia and Saudi Arabia, which initially discussed production volumes in early March.
In the second half of April, the Organization of the Petroleum Exporting Countries (OPEC) and other major oil producers finally reached an agreement to reduce total production by almost 10 million tons. barrels per day.
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