This morning, the New York futures for Brent rose 0.14% to $ 56.97 and WTI rose 0.17% to $ 53.85. Thus, the black gold supported by yesterday's data on US inventories. Over the past week inventories declined by 7.1 million barrels. Most analysts forecast a decline in production by only 2 million barrels. Additional support for the black gold has provided information on the reduction of production by Saudi Arabia. Oil production in the country decreased by about 10 million barrels per day.

The Secretary General intends to hold informal talks with Oil Minister of Saudi Arabia and six other countries that accepted production cuts.

(raw materials / closing price /% change)

Oil 53.78 +0.04%

Gold 1,181.10 -0.02%