Crude oil prices rise in global markets

The Address | Benghazi – Libya

SINGAPORE – Global oil markets on Monday saw crude oil prices rise after Saudi crude oil production fell unexpectedly in July, while US rock drilling works seem to have stabilized.

Oil markets are awaiting a declaration from Washington later in the day on the re-imposition of US sanctions on Iran, one of the major oil exporter.

Brent crude was trading at $73.23 a barrel, two cents above the previous close prices.

Source: Reuters