global oil prices continued to rise in the beginning of trading on Thursday, after OPEC + announced its commitment to the policy of reducing production, and coinciding with the decline of oil stocks in the United States to the lowest level since Last March.
The ministerial committee of the OPEC alliance + decided to extend its current policy on oil production, indicating that producers welcome a decline in crude stocks at the present time as a result of the reduction in supply despite the Uncertainty about the recovery of demand for crude in conjunction with the continuing crisis of Corona.
Oil stocks in the United States fell by one million barrels to 475.7 million barrels during the week ending January 29, the lowest level since March 2020.
On the trading side, Brent crude futures for April delivery rose 0.6% to $ 58.79 a barrel, while US Nymex crude for March delivery increased 0.7% at $ 56.06 per barrel.
