OPEC expects future growth – boosts oil prices

The prices of both Brent and WTI oil are on the rise after OPEC announced Sunday its expectations for the future of global oil production. Gold and cooper prices are in decline.
Photo: Hjalmar Otto Fjøsne/Aker Solutions
Photo: Hjalmar Otto Fjøsne/Aker Solutions
by ritzau finans

The Organization of the Petroleum Exporting Countries held a meeting Sunday and forecast hiked US oil production within the next five years concurrently with a reduced demand for oil produced by OPEC states.

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