oil prices

Oil prices rose slightly in trading sessions in global markets on Monday, to a record of $ 46.13 a barrel for crude International benchmark Brent crude, while West Texas Intermediate US record 44.60 dollars a barrel.

 

According to international media reports on Monday that oil prices rose slightly in global markets, as a result of the return of OPEC maneuvers sticking to cut production during its upcoming meeting later this month, where he performed those maneuvers to carry traders to cover short positions.

 

The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Barkindo Monday, has confirmed that the organization is committed to the agreement reached in Algiers in September to cut oil production, adding During his conference in Abu Dhabi that the market will regain its equilibrium in 2017 with the implementation of the agreement.

 

The agreement ensures the organization beheld in Algeria, to reduce the production of the organization, to 32.5 million barrels per day from the current level of around 33.24 million barrels per day to be voted on decisions the end of the month of November.

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