Brent futures find a bid after report of compromise OPEC-Russia deal

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Sharecast News | 05 Jan, 2021

17:30 07/01/25

  • 422.00
  • 1.92%7.95
  • Max: 422.00
  • Min: 411.90
  • Volume: 42,113,928
  • MM 200 : 440.18

Crude oil futures found a bid in late trading on Tuesday following reports of a compromise deal between the Organisation of Petroleum Exporting Countries and Russia.

As of 1545 GMT, front dated Brent crude oil futures were trading 3.43% higher to $52.84 a barrel on the ICE, alongside a 4.2% jump in similarly-dated West Texas Intermediate to $49.59.

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