{"id":582,"date":"2020-04-13T01:40:25","date_gmt":"2020-04-13T00:40:25","guid":{"rendered":"https:\/\/thedailyleaks.com\/?p=582"},"modified":"2020-04-13T01:46:30","modified_gmt":"2020-04-13T00:46:30","slug":"oil-prices-rise-more-than-2-after-opec-record-deal-on-production-cuts","status":"publish","type":"post","link":"https:\/\/thedailyleaks.com\/oil-prices-rise-more-than-2-after-opec-record-deal-on-production-cuts\/","title":{"rendered":"Oil prices rise more than 2% after OPEC+ record deal on production cuts"},"content":{"rendered":"<p class=\"jsx-195770013\">Stocks in Asia traded lower Monday morning as the\u00a0<a class=\"jsx-195770013\" href=\"https:\/\/www.cnbc.com\/id\/10000937\" target=\"_top\" rel=\"noopener noreferrer\">Organization of the Petroleum Exporting Countries<\/a>\u00a0and its allies reached an\u00a0<a class=\"jsx-195770013\" href=\"https:\/\/www.cnbc.com\/2020\/04\/12\/opec-and-allies-finalize-record-oil-production-cut-after-days-of-discussion.html\" target=\"_top\" rel=\"noopener noreferrer\">agreement on a record oil production cut<\/a>.<\/p>\n<p class=\"jsx-195770013\">In Japan, the\u00a0<a class=\"jsx-195770013\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=.N225\" target=\"_top\" rel=\"noopener noreferrer\">Nikkei 225<\/a>\u00a0slipped 1.04% in early trade while the Topix index dipped 0.94%. South Korea&#8217;s\u00a0<a class=\"jsx-195770013\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=.KS11\" target=\"_top\" rel=\"noopener noreferrer\">Kospi<\/a>\u00a0also declined 0.63% as shares of automaker Hyundai Motor fell around 2%.<\/p>\n<div class=\"jsx-3373965285 header\"><strong>KEY POINTS BY <a href=\"https:\/\/www.google.com\/amp\/s\/www.cnbc.com\/amp\/2020\/04\/13\/asia-markets-coronavirus-opec-production-cut-currencies-in-focus.html\">CNBC<\/a><\/strong><\/div>\n<div class=\"jsx-3373965285\">\n<div class=\"jsx-3373965285\">\n<ul class=\"jsx-3373965285\">\n<li class=\"jsx-3373965285\">Asia stocks traded lower in the morning.<\/li>\n<li class=\"jsx-3373965285\">Oil prices rose in the morning of Asian trading hours. The moves came after OPEC and its allies, known collectively as OPEC+, finalized an agreement to cut production by 9.7 million barrels per day\u00a0\u2014 the single largest output cut in history.<\/li>\n<li class=\"jsx-3373965285\">Markets in Hong Kong and Australia are closed on Monday for the Easter Monday holiday.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"jsx-195770013\">\n<p class=\"jsx-195770013\">Markets in Hong Kong and Australia are closed on Monday for Easter Monday.<\/p>\n<p class=\"jsx-195770013\">Meanwhile, oil prices rose in the morning of Asian trading hours. International benchmark\u00a0<a class=\"jsx-195770013\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=@LCO.1\" target=\"_top\" rel=\"noopener noreferrer\">Brent crude futures<\/a>\u00a0were up 2.32% to $32.21 per barrel.\u00a0<a class=\"jsx-195770013\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=@CL.1\" target=\"_top\" rel=\"noopener noreferrer\">U.S. crude futures<\/a>\u00a0added 2.72% to $23.38 per barrel.<\/p>\n<p class=\"jsx-195770013\">The moves came after OPEC and its allies, known collectively as OPEC+, finalized an agreement to cut production by 9.7 million barrels per day.\u00a0That&#8217;s the single largest output cut in history.<\/p>\n<p class=\"jsx-195770013\">Developments surrounding the global coronavirus pandemic are also likely to continue weighing on investor sentiment, with more than 1.8 million confirmed cases globally while at least 112,241 lives have been taken, according to data compiled by John Hopkins University.<\/p>\n<div class=\"jsx-321427175 marketTable\">\n<table class=\"jsx-321427175 tableContainer\">\n<thead class=\"jsx-321427175\">\n<tr class=\"jsx-321427175 columnHeader\">\n<th class=\"jsx-321427175\">TICKER<\/th>\n<th class=\"jsx-321427175\">COMPANY<\/th>\n<th class=\"jsx-321427175\">NAME<\/th>\n<th class=\"jsx-321427175\">PRICE<\/th>\n<th class=\"jsx-321427175\">CHANGE<\/th>\n<th class=\"jsx-321427175\">%CHANGE<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"jsx-321427175\">\n<tr class=\"jsx-321427175 tableRow .N225\">\n<td class=\"jsx-321427175 symbol\" data-testid=\"tableRow .N225 td\"><a class=\"jsx-321427175\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=.N225\" target=\"_top\" rel=\"noopener noreferrer\">.N225<\/a><\/td>\n<td class=\"jsx-321427175\">Nikkei 225 Index<\/td>\n<td class=\"jsx-321427175\">NIKKEI<\/td>\n<td class=\"jsx-321427175\">19,311.61<\/td>\n<td class=\"jsx-321427175\">-186.89<\/td>\n<td class=\"jsx-321427175\">-0.96%<\/td>\n<\/tr>\n<tr class=\"jsx-321427175 tableRow .HSI\">\n<td class=\"jsx-321427175 symbol\" data-testid=\"tableRow .HSI td\"><a class=\"jsx-321427175\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=.HSI\" target=\"_top\" rel=\"noopener noreferrer\">.HSI<\/a><\/td>\n<td class=\"jsx-321427175\">Hang Seng Index<\/td>\n<td class=\"jsx-321427175\">HSI<\/td>\n<td class=\"jsx-321427175\">24,300.33<\/td>\n<td class=\"jsx-321427175\">+329.96<\/td>\n<td class=\"jsx-321427175\">+1.38%<\/td>\n<\/tr>\n<tr class=\"jsx-321427175 tableRow .AXJO\">\n<td class=\"jsx-321427175 symbol\" data-testid=\"tableRow .AXJO td\"><a class=\"jsx-321427175\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=.AXJO\" target=\"_top\" rel=\"noopener noreferrer\">.AXJO<\/a><\/td>\n<td class=\"jsx-321427175\">S&amp;P\/ASX 200<\/td>\n<td class=\"jsx-321427175\">ASX 200<\/td>\n<td class=\"jsx-321427175\">5,387.30<\/td>\n<td class=\"jsx-321427175\">+180.40<\/td>\n<td class=\"jsx-321427175\">+3.46%<\/td>\n<\/tr>\n<tr class=\"jsx-321427175 tableRow .SSEC\">\n<td class=\"jsx-321427175 symbol\" data-testid=\"tableRow .SSEC td\"><a class=\"jsx-321427175\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=.SSEC\" target=\"_top\" rel=\"noopener noreferrer\">.SSEC<\/a><\/td>\n<td class=\"jsx-321427175\">Shanghai<\/td>\n<td class=\"jsx-321427175\">SHANGHAI<\/td>\n<td class=\"jsx-321427175\">2,796.63<\/td>\n<td class=\"jsx-321427175\">UNCH<\/td>\n<td class=\"jsx-321427175\">UNCH<\/td>\n<\/tr>\n<tr class=\"jsx-321427175 tableRow .KS11\">\n<td class=\"jsx-321427175 symbol\" data-testid=\"tableRow .KS11 td\"><a class=\"jsx-321427175\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=.KS11\" target=\"_top\" rel=\"noopener noreferrer\">.KS11<\/a><\/td>\n<td class=\"jsx-321427175\">KOSPI Index<\/td>\n<td class=\"jsx-321427175\">KOSPI<\/td>\n<td class=\"jsx-321427175\">1,850.34<\/td>\n<td class=\"jsx-321427175\">-10.36<\/td>\n<td class=\"jsx-321427175\">-0.56%<\/td>\n<\/tr>\n<tr class=\"jsx-321427175 tableRow .FTFCNBCA\">\n<td class=\"jsx-321427175 symbol\" data-testid=\"tableRow .FTFCNBCA td\"><a class=\"jsx-321427175\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=.FTFCNBCA\" target=\"_top\" rel=\"noopener noreferrer\">.FTFCNBCA<\/a><\/td>\n<td class=\"jsx-321427175\">CNBC 100 ASIA IDX<\/td>\n<td class=\"jsx-321427175\">CNBC 100<\/td>\n<td class=\"jsx-321427175\">7,434.97<\/td>\n<td class=\"jsx-321427175\">-22.71<\/td>\n<td class=\"jsx-321427175\">-0.30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div class=\"jsx-195770013\">\n<p class=\"jsx-195770013\">The\u00a0<a class=\"jsx-195770013\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=.DXY\" target=\"_top\" rel=\"noopener noreferrer\">U.S. dollar index<\/a>, which tracks the greenback against a basket of its peers, was last at 99.505 after declining from levels above 100 last week.<\/p>\n<\/div>\n<\/div>\n<div class=\"jsx-321427175 marketTable\">\n<p class=\"jsx-195770013\">The\u00a0<a class=\"jsx-195770013\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=JPY=\" target=\"_top\" rel=\"noopener noreferrer\">Japanese yen<\/a>\u00a0traded at 108.35 per dollar after seeing levels above 108.8 last week. The\u00a0<a class=\"jsx-195770013\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=AUD=\" target=\"_top\" rel=\"noopener noreferrer\">Australian dollar<\/a>\u00a0changed hands at $0.6339 after rising from levels below $0.62 in the previous trading week.<\/p>\n<p class=\"jsx-195770013\">What&#8217;s on tap for Monday:<\/p>\n<ul class=\"jsx-195770013\">\n<li class=\"jsx-195770013\">India: Consumer Price Index for March at 8:00 p.m. HK\/SIN<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Stocks in Asia traded lower Monday morning as the\u00a0Organization of the Petroleum Exporting Countries\u00a0and its allies reached an\u00a0agreement on a record oil production cut. In Japan, the\u00a0Nikkei 225\u00a0slipped 1.04% in early trade while the Topix <a class=\"mh-excerpt-more\" href=\"https:\/\/thedailyleaks.com\/oil-prices-rise-more-than-2-after-opec-record-deal-on-production-cuts\/\" title=\"Oil prices rise more than 2% after OPEC+ record deal on production cuts\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,2],"tags":[83,26,78],"coauthors":[25],"class_list":{"0":"post-582","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-top-news","9":"tag-oil-production","10":"tag-opec","11":"tag-russia"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil prices rise more than 2% after OPEC+ record deal on production cuts - 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