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WTI oil price above $50 first time since June

October 06, 16:43 UTC+3
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MOSCOW, October 6. /TASS/. WTI oil price grew 0.37% during the trading session on the London’s ICE on Thursday to $50.2 a barrel, according to trading data.

WTI oil prices were above $50 per barrel last time on June 24, 2016.

The oil price hike is fueled by news the OPEC may cut oil production by 1% above limit agreed at the meeting in Algeria on September 28.

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