oil prices

Oil prices went higher from its lowest point in a month, on Tuesday, after the OPEC prevailed that there’s some agreement for a long-term strategy in managing production to support prices.

U.S. crude is dealt nearby $74 a barrel, Brent oil may aim higher above $49 a barrel.

The Organization of the Petroleum Exporting Countries agreed on a document outlining its long-term strategy, to curb production.

But then there are some troubles as the OPEC representatives met on Friday in Vienna, followed by a meeting on Saturday with their counterparts from non-member producers. There was no agreement at the end with talks that Iran and Iraq refused to curb production.

Oil prices are faced with the strong greenback affecting the demand on the oil.

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