High oil prices Once Again Experienced

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Ministers from OPEC and non-OPEC oil producers gathered in the Russian city of St. Petersburg on Monday to discuss a cut production agreement of 1.8 million bpd by the end of March 2018.

The committee may recommend a conditional ceiling for the production of Nigeria and Libya, according to sources familiar with the talks, although some analysts expressed deep skepticism that the group would take such a step.

According to Reuters, “Brent crude for September delivery rose 24 cents to 48.30 dollars a barrel on Monday.

The price of West Texas Intermediate crude for September delivery rose 17 cents to $ 45.94.

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