Oil prices are still rising after the "OPEC+" decision to increase production

Oil prices rose after the “OPEC+” coalition agreed to increase the production, which was less than the market expectations, at a time when the Ukrainian attacks aimed at energy infrastructure in Russia increased, causing concerns to raise. Brent -RU prices rose to $ 65.47 a barrel in December, at a time when the intermediate rough of Western Texas exceeded $ 61 a barrel after dropping 7.4% last week. Prices received support after Reuters reported that the Russian “Kirichi” refinery stopped the main production unit, after an attack by a driver and a fire on October 4, asking traders to focus on the risks facing Russian supplies. Also read: Denmark draws the inspection of oil tankers to ward off the Russian shade fleet. This comes after the “OPEC+” Alliance agreed on Sunday, an increase of 137 thousand barrels per day from next month, which is much less than the expectations that prevailed in the market before the decision was issued. The coalition decision is a continuation of the process of herping a new segment of supplies with a total of 1.65 million barrels per day, which started last month to return 137 thousand barrels a day to the market. In August, the coalition virtually ended a voluntary discount segment, with eight countries complying with 2.2 million barrels of oil per day since 2023, by increasing the production by 547 thousand barrels a day at the time. Also read: The Head of “Kuwaiti Petroleum”: The strong demand for oil can provide for the production “OPEC+” support factors for prices. “Bloomberg” was transferred from Dennis Kisler, the first vice president of trading in ‘BOC Financial’, saying that ‘RU futures could form in the process to form a level of support, which indicates that the Ukrainy strikes against oil installations increased russian and increased year. 8% fall last week, amid the fear that global production will exceed in the coming months. 100 thousand barrels from the expectations of the previous month. take.