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Oil prices extend gains after OPEC plus plans to cut more production

Wed 05 Apr 2023, 10:22:08

Oil prices on Tuesday extended gains after OPEC plus plans to cut more production which jolted markets in the previous day. Investors' attention shifting to demand trends and the impact of higher prices on the global economy.

In

intra-day trade, Brent crude was trading at around 85 dollars and 60 cents per barrel, while West Texas Intermediate (WTI) crude price was at 81 dollars and 10 cents per barrel, when reports last came in.

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