(Encyclopedia of this Day News | Iraq News ) - Live: Oil prices rose during trading on Tuesday, with investor optimism the efforts of adjusting market prices, and crude rose "NYMEX" above the level of $ 50 for the first time two months ago.
By 8:35 am GMT, the benchmark Brent crude was up 0.2% at $ 52.84 a barrel, the highest since May 24.
The price of NYMEX crude futures was up $ 0.3 per barrel by $ 50.32 a barrel.
The oil minister and the Kuwaiti minister of electricity and water said last week that the total commitment of the participating countries to the agreement to cut production between the Organization of Petroleum Exporting Countries and the Organization of Petroleum Exporting Countries (OPEC) was 98% in June.
As OPEC members agreed last week to set a ceiling for the production of "Libya" and "Nigeria."
The US Petroleum Institute announced later today the data of the US initial stocks.