High oil prices 3% decline in production after the United States

Oil prices today rose to more than 3% to pay for benchmark Brent to the highest level in 2015, exceeding 63 dollars per barrel, as a result of decline in US oil production, and was the Brent crude rose more than 5% in the previous session, analysts said it was likely to rise Price greater despite oversupply in the market.

Brent above $ 63 a barrel for the first time this year, to $ 63.29, recording its highest level since December / December last, but fell to $ 62.83 by the fourth hour and six minutes pm GMT.

The record US crude price of $ 55.07 after it reached its highest price in 2015 when he arrived to $ 56.69 on Wednesday.

She said Phillips Futures Brokerage in energy contracts and Singapore-based "strongly turn to bet on the rise of oil after the rise in crude prices 5% yesterday." She added, "This is due mainly to the boarding wave declines in US crude production."

Several factors

However, analysts expect that the pressure rise Organization oil-producing countries production (OPEC) oil prices downward to limit the gains in crude prices in the last few years, has been OPEC announced today in its monthly report that production increased by 810 thousand barrels per day in the past month .

Oil prices also benefited from disappointing US economic data, as the housing sector growth increased less than expected in March / March last, as jobless claims increased in the past week.

Among the factors that helped oil prices rise on expectations that lead talks between OPEC and major oil producers outside the organization, such as Russia's agreement to reduce production and support crude prices.

He predicted technical analyst told Reuters Wang Tao in oil conference that Brent crude rises to about seventy dollars in the near term, but it is likely to be followed by a steep decline in prices.