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At 11:25 GMT, Brent crude, a global benchmark, rose 54 cents to $ 67.12 a barrel as it advanced. Texas US West Gross The Middle East rose 47 cents to 57.26 dollars a barrel.
"Carsten Frisch, analyst at the"Commerzbank":" This shows the intention of Saudi Arabia to maintain the balance of the oil market by reducing its oil supplies. "
He added: "Additional support came from news that Venezuela's large-scale power cuts were impeding its oil exports."
Crude rose this year after his return "OPEC"And foreign producers, such as Russia, have reduced their supplies from January 1. Since then, Brent has increased by 25%.
The official said Saudi Arabia had voluntarily cut production below the agreement and that it would remain below 10 million barrels a day in April, well below 10.311 million barrels. per day agreed by the kingdom as a production goal.
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At 11:25 GMT, the benchmark Brent crude rose 54 cents to $ 67.12 a barrel, while US crude WTI rose 47 cents to $ 57.26 a barrel.
"This shows Saudi Arabia's determination to maintain the oil market's balance by limiting its oil supplies," said Carsten Fritsch, an analyst at Commerzbank.
"Additional support came from reports that large-scale power cuts in Venezuela would hinder their oil exports."
Crude rose this year after OPEC and producers outside Russia, such as Russia, cut their stocks from 1 January. Since then, Brent has increased by 25%.
The official said Saudi Arabia had voluntarily cut production below the agreement and that it would remain below 10 million barrels a day in April, well below 10.311 million barrels. per day agreed by the kingdom as a production goal.
