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Oil rises as the dollar fell
Information / Baghdad ..
Brent crude oil prices surged on Tuesday, due to the dollar slipped against a basket of major currencies, and the statements of Iranian encouraging step (OPEC) to cut production.
The US dollar fell from its highest level in half a year, on Monday evening, amid doubts successfully Fed's efforts to raise the declining inflation rates below 1%.
The Iranian Oil Minister Bijan Zanganeh said in press statements, on Monday, expressed the hope in the success of members of the Organization of Petroleum Exporting Countries (OPEC), to reach the decision to restrict production at a meeting next month.
And meet with members of the (OPEC), in 30 of the next month in the Austrian capital Vienna to discuss production cuts and quota-producing nations, after a meeting will be held on 29 of this month between Member States and independent producers in Vienna as well.
At the time (06:32 GMT) ascended International benchmark Brent crude December / December delivery, to $ 51.90 a barrel, up from Monday's close price of $ 51.52.
The price of US crude, "NYMEX" to $ 50.31 at the time (06:34 GMT), up from Monday's close price of $ 50.06. Finished / 25
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