By: Mahmoud Gamal
Mubasher: The prices of crude oil are back to rise on Wednesday; Brent crude oil gained 0.66% or 33 cents to reach $47.58 per barrel by 4:20 GMT.
The US crude oil levelled up 0.65% or 29 cents to reach $49.60 a barrel.
Investors are awaiting the US energy ministry to issue on Wednesday the latest data about oil reserves in the country for the week ended 31 August.
Oil prices will continue to fluctuate until the OPEC meeting is held, especially after Iran is added to the countries preferring to maintain oil at certain levels with specific conditions, analyst of goods market George Al-Batrouni said.
OPEC members will hold a meeting on the sidelines of the international energy forum which will last in Algeria for two days, 26-28 September.
Translated by: Ingy ElSafy
