Oil prices rise on strong demand in the "Asia"

economy Since 12/13/2016 17:36 pm (Baghdad time)

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Oil prices rose on Tuesday ,, supported by strong demand in Asia and production cuts by Abu Dhabi, Kuwait and Qatar as part of a global reduction.

He said traders, according to "Reuters", "The market was pressured by investors closing their positions, which benefited from strong gains recorded by oil yesterday."

He headed the global measurement Brent and WTI US mediator to lower in early European trading.

By 1145 GMT, Brent crude rose 51 cents to $ 56.20 while ascended West Texas Intermediate crude 39 cents to $ 53.22.

Traders stressed that the major operations for sale in order to profit-taking took place after oil rose to its highest level since mid-2015 earlier this week after he reached the Organization of the Petroleum Exporting Countries (OPEC), which is dominated by the Middle East countries and other exporters Russia led to an agreement to cut production by about 1.8 million barrels Aumia.anthy 29/9 P

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