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oil markets stable with anticipation implement production cuts agreement[/size]
Oil recovery mechanisms
Twilight News
one hour ago
oil markets stable with anticipation implement production cuts agreement[/size]
Oil recovery mechanisms
Twilight News
one hour ago
Twilight News / Oil prices stabilized without registering mentions in trading on Tuesday, marked by calm before the start of the New Year holiday with anticipation market position by less than a week to start the application of the first agreement in 15 years on production between OPEC and independent producers change.
It is expected to begin implementation of the agreement, which will reduce production by about 1.8 million barrels per day in the first of January.
It fell International benchmark Brent crude in London for delivery in February, rose five cents to $ 55.11 a barrel at 0732 GMT.
A contract less than five percent of the highest level in 17 months, which amounted to $ 57.89 per barrel on 12 December after independent producers agree to make joint efforts with OPEC to reduce the oversupply of crude in the international markets, which led to a decline in prices.
US crude rose for delivery in February, rose six cents to $ 53.08 a barrel after closing at its highest level in 17 months on Friday. It was closed on Monday after the Christmas holiday that befell the weekend holiday oil markets.
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