Oil prices jump 5% after remarks to an agreement about production cuts[/ltr]
[ltr][rtl]History[/rtl] of [rtl]edits:: 2016/11/30 15:10 • 21 visits readable[/rtl][/ltr]
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Oil prices jumped 5 percent on Wednesday, after the Saudi energy minister's remarks, that OPEC nearing agreement to cut production to control the oil supply glut.
And Brent crude futures transactions of $ 2.72 to $ 49.10 a barrel at 09:35 GMT, and increased WTI of $ 2.43 to $ 47.66 a barrel.
OPEC holds Organization, on Wednesday, a meeting to discuss the anticipated cut production to control the oil supply glut that caused the drop in oil prices by more than half since 2014.
The Saudi Minister of Energy had said earlier that OPEC's focus on reducing production to 32.5 million barrels a day.
And reached OPEC, which produces one-third of the world's oil, to a preliminary agreement in Algiers in September to cut production to between 32.5 and 33 million barrels per day from its current level at 33.64 million barrels in order to support prices.