Ice futures exchange - Latest News Update, Information, Photos & Videos on Ice futures exchange at Lokmat Times

New York, April 14 Oil prices settled mixed as market participants digested a highly anticipated decision by major oil producers on output cuts.On Monday, the West Texas Intermediate for May delivery decreased US $0.35 to settle at $22.41 a barrel on the New York Mercantile Exchange, while Brent crude for June delivery rose $0.26 to close at $31.74 a barrel on the London ICE Futures Exchange.The Organisation of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group known as OPEC+, agreed on Sunday to reduce output by 9.7 million barrels per day (bpd) for May and June after four days of talks.According to an OPEC statement on the deal, from July through the end of 2020, the cut will decrease to 7.7 million bpd, and will then be followed by an adjustment of 5.8 million bpd for another 16 months till the end of April 2022.US President Donald Trump tweeted his delight and congratulations on Sunday, calling it a "great deal for all," which "will save hundreds of thousands of energy jobs in the United States."Experts and various institutions had warned that oil demand would plunge this year due to the COVID-19 pandemic.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Mega Block

Maharashtra Lok Sabha Election

T20 World Cup 2024

Ice Futures ExchangeFOLLOW

Ice futures exchange, Latest News

Politics :Oil prices rise modestly as traders assess Russian output cut

New York, Feb 14 Oil prices eked out modest gains as market participants weighed Russia's plan to cut ... ...

International :Oil prices rise modestly amid supply concerns

Oil prices reversed earlier losses to end higher on Monday as concerns over supply risks gripped the market. ...

Politics :Oil prices rise amid Russia-Ukraine tensions

New York, Feb 25 Oil prices finished higher on Thursday with both the US crude benchmark and Brent ... ...

Business :Oil prices settle mixed after OPEC+ historic output cuts

Oil prices settled mixed as market participants digested a highly anticipated decision by major oil producers on output cuts. ...