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Iran economics 02/12/2017

The price of oil on world markets went up

Porsesh: The price of oil on world markets has risen. Oil rose after reports that OPEC oil production cuts occur.

The International Energy Agency said that OPEC members agreed to cut oil supplies were committed.

Following this report, oil prices climbed to 2 percent. Friday at $ 56.62 a barrel, the price of Brent North Sea crude was sold.

It is said that Saudi Arabia, OPEC's largest oil producer, more than the agreed oil production is lowered. So that Saudi oil production to 500 thousand barrels per day cut, which was the sharpest decline among OPEC members.

In recent months, OPEC and other oil producers also agreed to cut production.



With the increase in oil prices in the capital market of America stock index has gone up.

Bloomberg reports indicate that American companies investing in the oil sector and has more energy. (Fathollah Mehrabi)

sources

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