Oil continues recovering after OPEC's decision and rises to $ 52
01/12/2016
11:59
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Oil prices rose slightly on Thursday, after a jump of 10% recorded yesterday, after the announcement of "OPEC" agreement to reduce production and support prices .
By 06:19 GMT the *price of a barrel rose blend "Brent" increased by 1.66% to $ 52.69 a barrel, while the price per barrel of US crude , "West Texas Intermediate" has climbed 1.48% to $ 50.17 a barrel.
"OPEC" meeting ended on Wednesday , declaring the Member States agreed to reduce oil production by 1.2 million barrels per day* , for a total production of OPEC members 32.5 million barrels a day, its shares are distributed among member states.
With reduced states from outside the organization , "OPEC" production as a whole 600 thousand barrels, of which 300 thousand barrels contraction Russia gradually, it is supposed to begin implementation of the agreement early next year .
Jeffrey said Haley, an analyst at Financial Group "Luanda", " The Asia market captures his breath after a rise last night , " expected to "Oil prices remain in this margin in Asia to open up the markets of Europe." https://www.alliraqnews.com/modules/n...?storyid=53807