<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body="
On Monday, the official Saudi Press Agency quoted Saudi Energy Minister Prince Abdulaziz bin Salman as telling Bloomberg that OPEC + has the means and flexibility to deal with challenges, including reducing production.
and finished Brent crude oil contracts For the nearest maturity of the trading session, it rose $3.74, or 3.9 percent, to record at the settlement of $100.22 a barrel.
US West Texas Intermediate crude contracts jumped $3.38, or 3.7 percent, to settle at $93.74 a barrel.
Brent recorded the highest settlement price since August 2, while US crude recorded the strongest settlement level since August 11.
Bob Younger, director of energy futures at Mizuho, said: Iranian crude supplies resume Recession fears, along with successive weekly increases in the crude storage center in the United States, a decline in gasoline demand and the approaching maintenance season in refineries, are factors that pushed prices higher in the past few weeks.
But sources in OPEC told Archyde.com that production cuts from… OPEC+ . Alliance It may not be imminent and is likely to coincide with Iran’s return to the oil markets if Tehran concludes a nuclear deal with the West.
Highlighting tight supplies, the latest weekly reports for US crude inventories are expected to show a drop of 900,000 barrels last week.
“>
On Monday, the official Saudi Press Agency quoted Saudi Energy Minister Prince Abdulaziz bin Salman as telling Bloomberg that OPEC + has the means and flexibility to deal with challenges, including reducing production.
and finished Brent crude oil contracts For the nearest maturity of the trading session, it rose $3.74, or 3.9 percent, to record at the settlement of $100.22 a barrel.
US West Texas Intermediate crude contracts jumped $3.38, or 3.7 percent, to settle at $93.74 a barrel.
Brent recorded the highest settlement price since August 2, while US crude recorded the strongest settlement level since August 11.
Bob Younger, director of energy futures at Mizuho, said: Iranian crude supplies resume Recession fears, along with successive weekly increases in the crude storage center in the United States, a decline in gasoline demand and the approaching maintenance season in refineries, are factors that pushed prices higher in the past few weeks.
But sources in OPEC told Archyde.com that production cuts from… OPEC+ . Alliance It may not be imminent and is likely to coincide with Iran’s return to the oil markets if Tehran concludes a nuclear deal with the West.
Highlighting tight supplies, the latest weekly reports for US crude inventories are expected to show a drop of 900,000 barrels last week.
