MEXICO CITY (Sputnik) – The highest growth of 5.08 percent was registered the day after the deal was reached.
According to El Financiero, the current price for Mexican crude for export is $39.69 per barrel, which is the highest price since September 8.
On Wednesday, September 28, OPEC oil producing countries reached a preliminary deal on daily oil output freeze on the sidelines of an international energy forum in Algiers, Algeria.
Global oversupply and stagnating demand have caused oil prices to plunge from $115 per barrel in June 2014 to less than $30 per barrel in January 2016. Prices recovered amid Nigerian, Canadian and Venezuelan output outages and growing demand in May, reaching a peak of over $50 per barrel in early June.
Crude prices are currently fluctuating between $40 and $50 per barrel.
