Oil prices continued over the weekend, Friday’s rise, then saudi Arabia made it clear to all countries that participated in the earlier agreement to limit production was agreed to extend the agreement until the first quarter of 2018.
At 7.40 o’clock on Monday morning traded north sea oil Brent to the 53:95 dollars per barrel, up from around 52:40 dollars on the morning of Friday, and about 53:50 dollars at the Stockholm stock exchange’s closure on the same day.
In a week has the price of crude oil moved up almost 6 percent.
An extension of the agreement would contribute to the producers ‘goal to reduce the global oil stocks for the past five years’ average, said Saudi arabia’s energy minister, Khalid Al-Falih on Sunday, reports Bloomberg News.
From Iraq it was announced that ”nearly all” the countries that previously participated in the produktionsminskningarna agreed on an extension, even if no agreement on the time period is not yet available.
The oil-producing countries in Opec will meet in Vienna on Thursday.
Tradingportalen/Agency Directly.
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