Oil prices resume climb amid expectation a report to "OPEC"

14/06/2017 4:27 | Hits: 34


Oil prices rise, recommenced in dealings Tuesday, waiting for the monthly report of the Organization of petroleum exporting countries (OPEC).

By [10:07 GMT], deliberated the US light crude futures West Texas intermediate price of $48.56 per barrel, up 16 cents, as futures trading for Brent blend oil priced at $51.60 a barrel, an increase of 25 cents.

Investors in the oil market awaits OPEC's monthly report will reveal the seriousness and commitment of the participating States to the Vienna agreement, to cut oil production and the possibility of extending the agreement. Especially after some crude producing countries expressed the desire to extend the agreement, as Kuwait and Russia.