Oil prices held at four-month lows on June 5 as OPEC+ plans to increase supply later this year and boost reserves of U.S. crude and refined products.

WTI crude futures rose as much as 3 percent in early Asian trading on Monday after the escalation of the Israeli-Palestinian conflict.1%, rising above $85。Spot gold up nearly 1% at $1,849 an ounce。

September 19, Brent crude oil hit a new high again, hitting $95 / barrel。Brent crude is up 30% in the past three months and reaches its highest level since November 2022。

Russian Deputy Prime Minister Alexander Novak says Russia will extend oil export cuts of 300,000 barrels a day until the end of the year.。Novak said in a statement: "The additional voluntary reduction in oil exports is aimed at strengthening the preventive measures taken by OPEC + countries to maintain stability and balance in the oil market."。Russia has pledged to cut crude oil exports by 300,000 bpd in September, down from a 500,000 bpd cut last month.。Novak said last week that Russia and OPEC + partners agreed on further cuts in oil exports。

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