North Sea oil, a benchmark for Angolan sales, was traded yesterday on London’s International Exchange Futures at US$96.88 a barrel, a day after the group of 23 oil-producing countries OPEC+ decided to reduce production by 100,000 barrels a day from October.
The decision was adopted after several days of market speculation about the possibility of taking measures to prevent oil prices from falling due to the slowdown in the global economy and canceling the increase announced in August, putting an end, for the time being, to the increase supply to moderate the rise in kurd prices.
