Oil prices On Thursday, March 4, OPEC + countries agreed that crude oil production would increase only slightly, while inflation concerns contributed to falling stock prices.
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Organizations of oil exporting countries (OPEC) countries and their allies decided, by videoconference, to extend until April the yield reductions implemented at the beginning of the new coronavirus pandemic and to allow yield increases of only one third of the forecast.
By the end of the conference, oil prices had risen by more than 5%, reaching their highest levels since January 2020, but by the end of the trading session, growth had fallen to 4.5-4.6%.
” Today’s decision is clearly a positive outcome for oil prices, “said Thinkmarkets analyst Favad Razakzada.
“During vaccinations [pret jauno koronavīrusu] “In important regions of the world, travel demand should support prices in the coming months,” he added.
The Dow Jones Industrial Average fell 1.1% to 30,924.14 points on Thursday, the Standard & Poor’s 500 rose 1.3% to 3,768.47 points, and the Nasdaq Composite index rose 2.1% to 12,723.47 points.
The London Stock Exchange index FTSE 100 fell 0.4% to 6650.88 points on Thursday, the Frankfurt stock exchange index DAX 30 fell 0.2% to 14,056.88 points, while the Paris stock exchange index CAC 40 rose less than 0.1% to 5830.65 points.
In the New York Stock Exchange, WTI crude rose 4.5% to $ 64.02 a barrel on Thursday. The price of Brent crude rose 4.6% to $ 66.99 a barrel on the London Stock Exchange.
The euro fell against the US dollar from 1.2071 to 1.1967 dollars per euro on Thursday, the British pound fell against the US dollar from 1.3954 to 1.3894 dollars per pound, and the US dollar against the Japanese yen rose from 106.96 to 107.95 yen per dollar. The value of the euro against the British pound fell from 86.41 to 86.12 pence per euro.
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