Monday, March 26, 2018

Oil prices rise after decision

Oil prices rise after the decision of Saudi Arabia

Oil prices rose slightly on Tuesday after Saudi Arabia said it will significantly reduce the export of oil in July, although the increase in stocks in the United States continues to put pressure on the market.

Futures for Brent crude was at $ 48.64 per barrel higher than 35 cents, while the test for US crude was at $ 46.38 a barrel, up 30 cents.

The representative of Saudi Arabia said that they make real cuts, up to 300,000 barrels a day of supply to Asia in July, although some Asian refiners said they get raw materials in full.



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