Brent crude oil prices continue to rise amid data on a reduction in world stocks, as well as expectations from the OPEC+ meeting that will be held on June 9–10.
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WTI crude oil prices show flat dynamics during today's Asian session, trading near the level of USD 36 per barrel. The moderate growth of the instrument at the beginning of the week gave way to a flatter dynamics, which is due to the growth of correctional sentiments in favor of USD.
Oil quotes grow amid increasing global manufacturing activity. Investors wait for the results of the online OPEC+ conference, which will discuss the scope and duration of the additional energy production reduction. Now, the instrument depends on the positions of Russia and Saudi Arabia.
Today, during the Asian session, oil prices show ambiguous dynamics, trading near local highs since March 11. Last Friday, the instrument managed to consolidate above the level of $37 per barrel against the background of the publication of poor macroeconomic statistics from the United States.