Oil rose to new highs this morning. At 8:06 mark Brent rose in price by 1.89% to $ 43.10%, WTI - by 1.44% to $ 40.12. WTI grade today exceeded $ 40 for the first time since March 6, Brent climbed to the maximum value since that date is $ 43.41. Growth driver was the decision of OPEC + to continue to cut production at the current levels - 9.7 million b / d - until the end of July. According to the original the terms of the agreement, in July the volume of its reduction should have been 2 million b / s less than in the previous 2 months. In addition, member countries that have not sufficiently reduced oil production, made a promise to make up for this deficiency. To such include Iraq and Nigeria, while as for Iraq, it agreed to such a promise only after threats from Russia and Saudi Arabia, who said that otherwise the deal can be ripped off. In China, there is an increase in oil demand, which also pushes quotes up.