ZCZC
BCN-26
RUSSIA-BRENT-CRUDE-OIL-OPEC
Brent oil price up by 3% amid OPEC decision to increase production
MOSCOW, June 23, (BSS/TASS) – The price of the futures contract for Brent
crude oil deliverable in August 2018 rose by 3% at the ICE Exchange in London
to $ 75.2 per barrel amid news about OPEC’s decision to increase production
by 1 million barrels per day. This is according to the trading data.
According to the state oil minister of Nigeria, Ibe Kachikwu, the actual
increase in OPEC production will be 700,000 barrels per day, Bloomberg
reported earlier on Friday.
Amid the reports about the rise in oil prices, the dollar-ruble exchange
rate on the Moscow Stock exchange declined by 1.17%, to 62.97 rubles to the
dollar, the euro rate dropped by 0.71% to 73.4 rubles.
BSS/TASS/HR/1355