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After Saudi Arabia rejected pressure "Trump" on OPEC to prevent price hikes
Oil futures rose nearly 2% Wednesday after the unexpected fall in US crude inventories, and Saudi Arabia did not react to pressure from US President Donald Trump on OPEC to prevent prices from rising, Reuters said.
In the details, US inventories of crude oil fell 8.6 million barrels last week, while government forecasts forecast an increase of 2.8 million barrels, according to government data.
At the same time, futures on global crude increased by $ 1.18, or 1.8%, to $ 66.39 per barrel.
US crude futures rose $ 1.44, or 2.6%, to $ 56.94 per barrel, achieving the largest percentage increase in about four weeks.
Saudi Energy Minister, Khalid al-Faleh, said that OPEC and its allies "were simply taking things," in response to Trump's tirade on Monday asking the organization to To relax its restrictions on crude oil production.
Oil prices have risen more than 20% since the beginning of this year after the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC producers agreed to reduce their production for six months starting in January in order to avoid a growing global surplus,.
Oil grows by 2% as US crude stocks decline unexpectedly
Already electronic newspaper
previously
2019-02-28
Oil futures rose nearly 2% Wednesday after the unexpected fall in US crude inventories, and Saudi Arabia did not react to pressure from US President Donald Trump on OPEC to prevent prices from rising, Reuters said.
In the details, US inventories of crude oil fell 8.6 million barrels last week, while government forecasts forecast an increase of 2.8 million barrels, according to government data.
At the same time, futures on global crude increased by $ 1.18, or 1.8%, to $ 66.39 per barrel.
US crude futures rose $ 1.44, or 2.6%, to $ 56.94 per barrel, achieving the largest percentage increase in about four weeks.
Saudi Energy Minister, Khalid al-Faleh, said that OPEC and its allies "were simply taking things," in response to Trump's tirade on Monday asking the organization to To relax its restrictions on crude oil production.
Oil prices have risen more than 20% since the beginning of this year after the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC producers agreed to reduce their production for six months starting in January in order to avoid a growing global surplus,.
February 28, 2019 – 23 Jumada Al-Akhirah 1440
The time now is 02:01 AM
After Saudi Arabia rejected pressure "Trump" on OPEC to prevent price hikes
Oil futures rose nearly 2% Wednesday after the unexpected fall in US crude inventories, and Saudi Arabia did not react to pressure from US President Donald Trump on OPEC to prevent prices from rising, Reuters said.
In the details, US inventories of crude oil fell 8.6 million barrels last week, while government forecasts forecast an increase of 2.8 million barrels, according to government data.
At the same time, futures on global crude increased by $ 1.18, or 1.8%, to $ 66.39 per barrel.
US crude futures rose $ 1.44, or 2.6%, to $ 56.94 per barrel, achieving the largest percentage increase in about four weeks.
Saudi Energy Minister, Khalid al-Faleh, said that OPEC and its allies "were simply taking things," in response to Trump's tirade on Monday asking the organization to To relax its restrictions on crude oil production.
Oil prices have risen more than 20% since the beginning of this year after the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC producers agreed to reduce their production for six months starting in January in order to avoid a growing global surplus,.
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