Global Oil Prices Up To $ 57 After The Cut In production

| December 13, 2016

BAGHDAD / Oil prices jumped to their highest levels since mid-2015 after "OPEC" and others producers outside OPEC reached the first agreement that was considered historically since 2001 to jointly reduce production in order to curb oversupply and support markets.

Global London Brent crude increased to $ 57.89 a barrel, which is its highest level since July 2015.

American West Texas Intermediate crude reached more than 5% to record 54.08 dollars a barrel. / End

Source: National Iraqi News Agency

Category: Politics

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