oil
Oil prices rose during today’s trading, as a result of concerns regarding the decline in crude supplies in global markets.
The markets’ attention is directed towards the meeting of the “OPEC +” alliance, its periodic meeting next Thursday, amid expectations that its production policy (which was modified at this month’s meeting) will be stabilized, with an increase in oil production by regarding 648,000 barrels per day in both the July and August meetings.
On the other hand, the US Energy Information Administration announced that the glitch in its technical and software systems continues, and this glitch prevented the government agency from issuing oil inventories data last week.
At the close of the session, US West Texas crude for August delivery rose 1.8 percent, or $1.95, to $109.57 a barrel. And Brent crude futures for August delivery rose 1.7%, or regarding $1.97, to $115.09 a barrel.
