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

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Sharecast News | 05 Jan, 2021

12:40 15/11/24

  • 383.25
  • 1.05%4.00
  • Max: 383.95
  • Min: 377.30
  • Volume: 11,430,695
  • MM 200 : 455.24

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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