High oil prices, despite the US production growth

27/02/2017 03:45 | Number of Views: 40

Direction Press / Agencies

Oil prices rose on Monday due to investor optimism for the implementation of an agreement to cut production, ignoring the growth of production in the United States.

By 12:05 pm Moscow time {09:05 GMT}, the futures price of oil Sea grew north combination "Brent" by 67 cents to $ 56.66 a barrel, and futures US light sweet crude for the price of West Texas Intermediate rose 48 cents to $ 54.47 a barrel.

The resumption of oil prices to rise guide to begin to reduce the gap between supply and demand, and enjoy the world market flexible enough to absorb the increase in production since the US Energy Information Administration data showed US inventories rise 564 thousand barrels to 518.7 million barrels last week.