World oil prices rally as OPEC+ meeting starts

MG News | April 09, 2020 at 08:39 PM GMT+05:00

0:00

April 09, 2020: The oil market jumped Thursday as OPEC and its allies began discussing output cuts after a collapse in demand due to the coronavirus and a Saudi-Russian price war.

"The 9th (Extraordinary) #OPEC and non-OPEC ministerial meeting has started. The meeting is being held via webinar in light of recent developments surrounding the #COVID-19 pandemic," the crude producers' grouping tweeted, sparking prices to sharply extend earlier gains.

AFP/APP

Related News

Novartis buys Avidity in $12bn genetic therapy deal

Crude rises amid hopes for US-China deal

Fitch sees limited fiscal room but solid APAC growth

Name	Price/Vol	%Chg/NChg
KSE100	162,163.81 363.99M	-0.70% -1140.32
ALLSHR	98,789.32 1,004.87M	-0.60% -591.65
KSE30	49,418.59 142.52M	-0.85% -423.92
KMI30	235,592.79 87.24M	-1.05% -2511.37
KMIALLSHR	64,955.16 475.31M	-0.97% -635.78
BKTi	45,437.77 69.21M	-0.59% -267.52
OGTi	32,150.13 9.02M	-1.60% -521.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,120.00	114,720.00 113,945.00	-950.00 -0.83%
BRENT CRUDE	65.45	65.60 65.36	-0.17 -0.26%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	92.50	92.50 92.50	0.35 0.38%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.15	61.50 61.10	-0.16 -0.26%
SUGAR #11 WORLD	14.47	15.04 14.34	-0.50 -3.34%