World oil prices rose sharply

World oil prices rose sharply

EconomyVN - At the close on New York Exchange, US light sweet crude oil for September delivery rose to $43.49.

World oil prices yesterday (11th of August) rose more than 4%, after Saudi Arabia's energy minister left open the possibility that this oil-producing country can implement moves to rebalance globally the "black gold" market.

At the close on New York Exchange, US light sweet crude for September delivery rose to $43.49. On London Exchange, Brent oil rose to $ 46.04.

Earlier, Energy Minister Khalid al-Falih of Saudi Arabia stated that during the meeting of the Organization of Petroleum Exporting Countries (OPEC) expected to take place in September, the country can negotiate "any appropriate actions".

The experts supposed that most likely the future move of Saudi Arabia can completely reverse the current data on crude oil output.

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