Energy Preview: WTI Crude Up More Than 2%

6 Sep 2022 , 08:41 AM

Crude oil prices surged more than 2% in early Asia on Tuesday as OPEC and its allies including Russia agreed to reduce output by 100,000 barrels a day from October, amounting to roughly 0.1% of global demand. Decline in dollar index overseas also benefited the commodity. WTI crude oil futures were up 2.07% at $88.69 a barrel. Meanwhile, the EU countries energy ministers will meet on September 9 to discuss options to rein in soaring energy prices after Russia halted the flow of natural gas.Powered by Commodity Insights