[hot] the OPEC+ meeting will be held at 10: 00 in the evening. Russia does not plan to hold talks with the United States and Saudi Arabia on the WIT oil price plunge.

SMM4, June 9, the evening of the Asian session, WTI crude oil rose to nearly 9%, intraday rose more than $2, Brent crude oil rose more than 5%.

But then the Kremlin said in a statement that Russian President Vladimir Putin said he had no plans to hold talks with US President Donald Trump and Saudi Arabia on crude oil.

At the same time, international oil prices plummeted, with WTI crude oil narrowing to 1 per cent, up from 9 per cent. In addition, the United States and cloth oil both fell during the day, and are now trading at $25.20 / barrel and $32.68 / barrel, respectively.

Earlier reports said Wednesday that OPEC chairman and Algerian energy minister said results would be achieved on Thursday, while Russia hinted that it would cut production by 1.6 million barrels a day, raising the market's optimistic expectations of a cut agreement, thus pushing US crude oil up more than 7 per cent. Although Saudi Arabia, Russia and the United States still have clear differences on specific issues, analysts believe that the impact of low oil prices on countries is obvious, and that even if the United States does not contribute to production cuts, OPEC+ will still reach an agreement to cut production by 10 million barrels a day. At the same time, a natural decline in U. S. production will also partly ease the pressure on oversupply. At present, the biggest resistance to the rise in oil prices is still insufficient demand for crude oil, with data showing that demand in India fell by 70 per cent as a result of the customs closure, equivalent to 1/3 of the OPEC+ production reduction target, which may partly limit the rebound in oil prices.

The OPEC+ meeting will be held at 10 p.m. Beijing time on Thursday. OPEC+ plans to discuss new cooperation at the meeting, which will be held via video link.

Argentina, Indonesia, Egypt, Thailand and Trinidad and Tobago have confirmed their participation in the OPEC + meeting, while Canada, the United States and Brazil have not yet confirmed their attendance, according to Russian satellite networks citing sources.

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