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Oil prices rise by a dollar ahead of WTI June contract expiry
May 18, 2020
Source: Reuters

Oil prices rise by a dollar ahead of WTI June contract expiry

Brent crude was up $1.19, or 3.7%, at $33.69 a barrel, after touching a high since April 13. WTI Intermediate crude was up $1.26, or 4.3%, at $30.69 a barrel, after rising to its highest since March 16. Also supporting the oil prices are production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, a grouping known as OPEC+.

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