Oil continues recovering after OPEC's decision and rises to $ 52[/ltr]
[ltr][rtl]History[/rtl] of [rtl]edits:: 2016/12/1 11:59 • 36 visits readable[/rtl][/ltr]
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Oil prices rose slightly on Thursday, after a jump of 10% recorded yesterday, after the announcement of "OPEC" agreement to reduce production and support prices.
By 06:19 GMT the price of a barrel rose blend "Brent" increased by 1.66% to $ 52.69 a barrel, while the price per barrel of US crude, "West Texas Intermediate" has climbed 1.48% to $ 50.17 a barrel.
"OPEC" meeting ended on Wednesday, declaring the Member States agreed to reduce oil production by 1.2 million barrels per day, for a total production of OPEC members 32.5 million barrels a day, its shares are distributed among member states.
With reduced states from outside the organization, "OPEC" production as a whole 600 thousand barrels, of which 300 thousand barrels contraction Russia gradually, it is supposed to begin implementation of the agreement early next year.
Jeffrey said Haley, an analyst at Financial Group "Luanda", "The Asia market captures his breath after a rise last night," expected to "Oil prices remain in this margin in Asia to open up the markets of Europe."