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Crude oil jumped on prospect of OPEC+ rollover output cuts in AprilCrude oil jumped on prospect of OPEC+ rollover output cuts in April |
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International benchmarks for crude oil jumped more than $1/barrel on Wednesday, 3 March 2021 on news that OPEC+ is considering to rollover production cuts of 7 million barrels per day in April. The expectations overshadowed the EIA report on record one-week increase in crude inventories in the USA.
Brent settled at $64.47/barrel, up $1.37/barrel or 2.14%.
WTI settled at $61.28/barrel, up $1.53/barrel or 2.5%.
