Commodity Superfast: Oil Prices Spike After Russia Announces 5% Oil Output Cut In March

Zee Business Video Team | Updated: February 11, 2023 11:04 AM IST

Russia will reduce crude production by 5 lakh barrels per day in March. Russian oil has a price cap of $60. Crude oil prices surged on the news of reduction in crude production by Russia. Brent crude reached near $87 and WTI crude reached near $80.



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