Oil rises after the announcement of a meeting of OPEC next month[/ltr]
[ltr][rtl]History[/rtl] of [rtl]edits:: 2016/3/16 12:41 • 131 visits readable[/rtl][/ltr]
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Oil prices rose on Wednesday, with the support of an imminent meeting in Qatar to discuss the freeze production levels and expectations of lower US production, but some analysts warned that the freeze or lower production does not refer to the end of the global supply glut.
The total price of US crude futures to $ 36.64 a barrel by 0756 GMT, up 30 cents from its price at the previous settlement.
And increased the global price of London Brent crude 11 cents to $ 38.85 a barrel.
Oil rose after prices came down about two percent in the previous session.
Sources from the Organization of Petroleum Exporting Countries [OPEC] The meeting of producers, led by Saudi Arabia and Russia to discuss the freeze production levels will be held on 17 April, though not involving Iran.
And it teaches producers to install production at January levels, which Saudi Arabia and Russia produced a near-record amounts exceeded ten million barrels a day.
Price also found support on expectations of lower US production as a result of financial pressures.
Said Phillip Futures Brokerage Co. in Singapore "Today we may see some strength in prices Astmdtha likely decline of the American production."