High oil prices, with the continued decline in US production

2016/3/4 12:29

High oil prices, with the continued decline in US production
{International: Euphrates News} Oil prices rose Friday to transactions in global markets.
The price of the global London Brent crude futures 21 cents at $ 37.28 a barrel at seven in the morning GMT.
And increased US crude futures 20 cents at $ 34.77 a barrel.
Experts say "the cause of this increase is due primarily to the continued decline {for the sixth straight week} in oil production in the United States."
Have official data showed falling US oil production to its lowest level since November 2014, by reaching to almost 9 million barrels per day.
Analysts also believe that "there is a strong possibility for the possibility of reaching the major oil producers in the world this month an agreement to freeze the production ceiling at the January level of last year, or half a year at least." Ended h
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