Oil Prices Rise And Brent Hit $ 48.32 A barrel

Dubai – (Masaader News)

Oil prices rose on Monday, with Brent crude futures up 0.2% to $ 48.23 a barrel.

Oil prices have fluctuated between the rise and fall in the previous period due to political and diplomatic crises gripping the world. The political crisis between the United States and Russia  on the background of Washington’s accusation of interfering in the presidential election, has affected the prices, Qatar’s crisis has also affected the prices.

Nymex crude futures rose $ 0.04 to $ 45.85 a barrel.

Saudi Oil Minister Khalid Al-Falih said yesterday that the decline in crude oil inventories will accelerate in the next three to four months. Al-Falih ruled out the impact of the political and diplomatic crisis with Qatar on the agreement between OPEC countries and outside to reduce production, which contributed to the recovery of oil prices.

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