Singapore-Sana
The price of oil rose today after major producers agreed to extend an unprecedented production cut deal until the end of July, and with China's crude imports reaching its highest level ever in May.
Reuters reported that Brent crude rose 51 cents, or 1.2 per cent, to $ 42.81 per barrel, while American West Texas Intermediate rose 32 cents, or 0.8 per cent, to record $ 39.87 a barrel.
Both raw materials and recorded the highest level since the sixth of last March, earlier in the session, at 43.41 dollars and 40.44 dollars, respectively.
And yesterday, OPEC Plus agreed to extend the agreement to withdraw about ten percent of global supplies from the market for a third month until the end of July.
