Oil prices rose due to lower US production

Oil prices rose due to lower US production

WAAR_DUHOK

 

 

Oil prices rose today and hit a new high above $ 62 after the decline in US production.

 

According to today’s market, Brent crude was sold for 62 dollars and 69 cents and Texas crude for 57 dollars and 77 cents a barrel.

 

The rise is estimated at 31 cents for Brent and 37 cents for Texas.

 

The reason for the rise in prices is due to the announcement of decreasing US production of this week.

 

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