Oil Prices Continue to Rise

Oil prices rose today with the continuation of OPEC's agreement with the associated producers last week to deepen production cuts in 2020 in providing the minimum prices, but trade tensions between the United States and China stopped demand forecasts, and the price of Brent crude rose 9 cents to 64.34 dollars a barrel, and the price of Western crude rose Texas Intermediate was 22 cents, or 0.4%, to $ 59.24 a barrel, and last week the Organization of the Petroleum Exporting Countries (OPEC) and associated producers such as Russia agreed to deepen production cuts from 1.2 million barrels per day to 1.7 million barrels per day to support prices. However, the deadline for Dec 15 Justification for the next round of US tariffs on Chinese imports affects the markets.