Brent crude is the leading global benchmark for Atlantic basin crude oil.
They talked on “ways of cooperation to enhance the stability “ of the Crude market.
Brent crude gained 1.1%, to trade at $41.73 a barrel by 6:30 am Nigerian local time.
Oil traders have flagged the start of hurricane season as a potential headwind for crude oil prices.
Recent dip is as a result of fears that a second wave of COVID-19 pandemic will disrupt the market.
Despite the output cuts from OPEC+ and curtailments in North America, crude oil prices may be short-lived as Brent crude could slip back
After the output cut by OPEC+ helped to reduce the supply glut, crude oil prices rebounded to the highest level at over $42 per barrel
The rally in crude oil price in recent weeks has been triggered by growing economic demand around the world and crude oil production cut by major...
Some of the non-OPEC member countries recorded less than impressive compliance rates. Kazakhstan, Brunei, and South Sudan recorded 47%, 22%, and 13% compliance respectively.
Brent crude gained about 1.49%, at $40.18, 3.30 am Nigerian time – the highest level since March 6, having gained 3.3% on Tuesday.