Mubasher: Brent crude futures increased last week by 0.1% to $55.16 per barrel (pb), and the U.S. West Texas Intermediate (WTI) crude futures rose by 0.1% to $53.02 pb.
On November 30, OPEC (Organization of the Petroleum Exporting Countries) reached an agreement under which its members will reduce their daily production by 1.2 million barrels to 32.5 million barrels for a period of six months, staring from January 2017.
