(Encyclopedia of this Day News | Iraq News ) - Live: Oil prices stabilized during trading on Friday, in anticipation of the meeting of members and non - members of the Organization of "OPEC" next week.
By 7:20 am (GMT), the price of Brent crude for the US dollar settled at $ 49.29 a barrel.
The price of NYMEX crude futures settled at $ 46.91 a barrel.
The members of the Organization of Petroleum Exporting Countries (OPEC), together with non-members, are scheduled to meet in St. Petersburg in Russia next Monday to discuss market conditions and discuss whether price support is needed.
Crude prices rose to a six-week high in yesterday's trading, and Brent crude surpassed $ 50 a barrel after positive data on US inventories.
Later in the day, the release of crude oil drilling platforms is scheduled for release.