Oil prices continued to rise today, Tuesday, in Asian trading, amid expectations of a significant reduction in crude production.
Brent crude futures rose 43 cents, or 0.5 percent, to $89.29 a barrel, after gaining more than 4 percent in the previous session.
US crude futures rose 22 cents, or 0.3 percent, to $83.85 a barrel. It had risen more than 5% in the previous session, recording the largest daily gain since last May.
Yesterday, oil prices recorded a rise of more than 3 percent in Asian trading, at a time when the (OPEC +) group is considering reducing production by more than one million barrels per day in the largest reduction since the Corona pandemic in an attempt to support the market.