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Oil is traded in the green zone
This morning New York WTI crude oil futures rose 1.4% to $ 44.23 and Brent crude oil futures rose 1.22% to $ 46.33 per barrel. Thus, the black gold is trading higher, after Venezuelan President Nicolas Maduro said yesterday that OPEC countries and other manufacturers are close to the conclusion of production level stabilization. In addition, the clashes in Libya have raised concern about the possible failure to restore the export of black gold out of the country. The clashes in the country prevented the shipment of the first batch of oil from the port of Ras Lanuf in nearly two years, as well as intensified fears of a new conflict over the oil resources of the country.
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