The continued rise of oil prices in global markets
Published in: 10:02, January 29, 2016

Economy - opinion -
International benchmark Brent crude contracts for US $ 34.36 and US crude West Texas Intermediate measurement recorded about $ 33.70 a barrel this morning.
The International benchmark Brent crude contracts ended the trading session closer to maturity, on Thursday, up 2.4% to $ 33.89 a barrel.
And US crude futures closed higher 2.9% to $ 33.22 a barrel.
Experts say several factors played a role in the rise of oil prices, including the cold weather and blowing snow storms in the United States and Europe, as well as news about the possibility of coordinating the efforts of the Organization of the Petroleum Exporting Countries {OPEC} and producers from abroad, including Russia, in order to reduce the current glut in oil supplies Global, which pushed crude prices last week to drop to their lowest levels in more than 12 years.
Announced Russian Energy Minister Alexander Novak Thursday, his country's readiness to participate in the meeting are planning Organization of Petroleum Exporting Countries {OPEC} to contract with other oil-producing countries from outside "OPEC" in the month of February next.
Novak said, "I came out of some States in this initiative. And from our side we have emphasized the possibility of our participation in this ad hoc to assess the situation in the world oil markets the meeting, and the search for the possibility of coordination between these countries in the field of oil production and marketing as much as Almsttaa.anthy