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Conflict of U.S.-Iran Subside, the Price of Oil edged Up a Touch to US$ 64,3/Barrel

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Berita Terkini
Conflict of U.S.-Iran Subside, the Price of Oil edged Up a Touch to US$ 64,3/Barrel

oil Prices jumped to the highest level in four months after the attack of U.S. drone killed a top Iranian commander on January 3, and Iran retaliated by launching missiles against US bases in Iraq. But not long ago the price of oil fell back when Washington and Tehran backward conflict last week.

Prince Abdulaziz said it was too early to discuss whether the Organization of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) will continue the restrictions on the production which ends in March.

the Group of OPEC countries-oil-producing countries last month agreed to control the output by additional 500,000 barrels per day in the first quarter of 2020, on top of reductions that was agreed earlier by 1.2 million barrels per day.

this Article has been published in the Katadata.co.id with the title "Conflict of U.S.-Iran Subside, the Price of Oil edged Up a Touch to US$ 64,3/Barrel" , https://katadata.co.id/berita/2020/01/14/konflik-as-iran-mereda-harga-minyak-naik-tipis-sentuh-us-643barel
Author: Verda Nano Setiawan
Editor: Ekarina

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