Oil rises in the world market with sunburn OPEC production cut agreement extended


Economy news Baghdad:

Crude oil rose Monday on the world market after scoring down last Friday by more than 2%.

Brent oil price stood at ten o'clock and half of Baghdad 52.66 dollars a barrel, marking a rise of 0.40% crude oil price stood at $49.82 a barrel registered an increase of 0.36%.

High oil prices due after sunburn OPEC production reduction agreement extended for another six months, especially with Libyan oil production to its lowest level in years.