Oil prices up

Brent crude oil prices climbed on Friday after OPEC+ reassured the markets that it will strictly cut its total oil production by the determined level of 7.7 million barrels per day.

International benchmark Brent crude was trading at $45.01 per barrel at 0605GMT for a 0.2% increase after closing Thursday at $44.90 a barrel.

American benchmark West Texas Intermediate was at $42.84 per barrel at the same time, up 0.05% after ending the previous session at $42.82 a barrel.

PetroNeft Resources plc (LON:PTR) is an international oil and gas exploration and production company, focussed on Russia. The company’s s shares are listed on the London AIM and Dublin ESM Markets.

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