Oil prices rise after Russia agrees to cut output


 Agencies

Oil prices rose again, having earlier recorded their lowest level since October 2017.

Brent crude was up 1.24% at $ 59.49 a barrel, while US WTI rose to $ 51.13 a barrel, up 1.67%.

The rise came after Russia became increasingly convinced of the need to cut production with OPEC.

Oil markets are eyeing the Vienna meeting, with most observers predicting that the meeting will result in a cut in output to keep supply from oversupply

http://www.aljournal.com/%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A8%D8%B9%D8%AF-%D9%85%D9%88%D8%A7%D9%81%D9%82%D8%A9-%D8%B1%D9%88%D8%B3%D9%8A%D8%A7-%D9%84%D8%AE/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s