London-Sana
Oil prices stabilized near their highest level in three weeks today, after the OPEC Plus alliance agreed to reduce global crude supplies by reducing production by about two million barrels per day, in the largest reduction since 2020.
Reuters reported that Brent crude futures for December settlement rose four cents to $93.41 a barrel, after rising 1.7 percent in the previous session.
And US West Texas crude futures for November delivery rose two years to 87.78 dollars a barrel, after rising 1.4 percent yesterday.
The US Energy Information Administration said: The withdrawal from US oil stocks last week also supported prices, while stocks fell by 1.4 million barrels in the week ending on September 30 to 429.2 million barrels.
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