WTI crude oil price soared more than 10%

The price of March futures of WTI crude oil increasing in price by more than 11%, according to AFP. The maximum mark during yesterday’s trading session was $29,22, which is higher than the yesterday’s close at $3. At the same time, the price of Brent reached 32,72%, of 8.82% higher than yesterday’s trades (+$2,66).

As noted by CNN Money, the rise in oil prices comes amid expectations of an OPEC decision on reducing supplies.