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AFP / USA
Oil rose yesterday, after reducing the number of active wells in the United States, when Saudi Arabia announced it wanted to limit its production to avoid oversupply on the market.
Brent from the North Sea, for delivery in September, rose to London 49 cents and finished at $ 73.07.
In the New York market, a barrel of light sweet crude (WTI), for delivery in August, rose by one dollar to 70.46. The number of active wells in the United States, an indicator of production, has been reduced by five during the week to 858.
For the moment, US production remains solid and at record levels . However, this reduction in the number of deposits shows the volatility of the market, already disrupted by global trade tensions and production disruptions in Venezuela, Libya and Iran.
For his part, the representative of the Saudi in front of the OPEC announced that exports from his country will not increase in July and that they will decrease slightly in August, according to LF. Bloomberg news agency. According to Gene McGill, of Tradition Energy
the International Raw Quote serves as a benchmark for the export of natural gas to Brazil and Argentina. barrel price WTI calculates the value of the main fuel of Bolivia.
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