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![]() Oil prices continued to rise in the morning on Tuesday, thanks to Saudi Arabia's promise to cut exports and call OPEC to individual cartel members to improve compliance with the global pact. ![]() 25.Jul.17 4:57 AM By Daria Zaytseva Photo Toinnov.com |
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By 8.43 GMT, futures for Brent crude rose 0.56% to $ 48.87 per barrel. The number of drilling rigs in the U.S. declined last week against the background of cheaper oil, and their growth rates for the last month have dropped to a minimum since June 2016, Baker Hughes reported on Friday. The focus of investors' attention is data on weekly stocks of oil and petroleum products in the U.S. from the American Petroleum Institute (API) and official statistics of the Energy Information Administration (EIA). |