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[size=30]Oil rises 2% with expectations of a fall of stocks[/size]
05/01/2017 09:07 | Number of Views: 47
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Oil prices rose about 2 percent, on Wednesday, due to expectations of a drop in US crude inventories and signs that the largest oil exporter in the world will abide by cuts in production that took effect this week.
And it stepped up the global Brent crude contracts for Brent crude to the nearest maturity of 99 cents or the equivalent of 1.8 percent recorded at the settlement of $ 56.46 a barrel.
And it ended the American Brent crude West Texas Intermediate contracts trading session 93 cents higher, or 1.8 percent, also to reach a settlement at US $ 53.26 a barrel.
Oil also benefited from a decline in the US dollar index from the highest level in 14 years, and who was pushing oil prices down from their highest level in 18 months.
EST
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