The cuts in oil production agreed by producing countries look like they are already yielding good results. In oil prices higher on Monday, December 19.
At 9:18 (), the Brent contract for February climbed 0.60%, to $55.54 a barrel, on ICE, while the WTI for February, which is already the most liquid, advanced 0.62%, to $53.28 a barrel, on the Nymex. The WTI for January, which WINS tomorrow, valued 0.62%, to $52.22 a barrel, on the Nymex.
According to the Opec will cut production to 32,500,000 barrels per day, but many observers have expressed doubts whether the goal could be achieved, especially if cartel members exempted from cuts start to increase production.ACESSE AS REDES DA PANORAMA OFFSHORE: