Oil rises 0.33 percent after the “OPEC+” decision to increase production

Oil prices rose today, Tuesday, after the “OPEC+” group decided to increase production, while price support continued as a result of concerns about the shrinkage of the supply.

Brent crude rose 22 cents, or 0.33 percent, to $ 66.24 a barrel.

West Texas, American mediator, increased 24 cents, or 0.39 percent, to $ 62.50 a barrel.

Eight members of the “OPEC+”, which includes the Organization of Petroleum Exporting Countries (OPEC) and its allies a few days ago, agreed to increase production from October by 137 thousand barrels per day, and this is very less than the monthly increases that amounted to about 555 thousand barrels per day for the month of September and August, and 411 thousand barrels per day for the month of July and June.