The rise in oil prices to $ 52.33 a barrel
4/14/15
Baghdad
Crude prices rose on Tuesday on expectations that the US shale oil production recorded the first monthly decline in more than four years, but some analysts warned that the market is still oversupplied with rising Chinese exports.
By 0700 GMT, Brent crude contracts rose in the month of entitlement to the nearest 40 cents to $ 58.33 a barrel, while US crude rose 42 cents to $ 52.33 a barrel.
Expects US Energy Information Administration depreciation of the US shale production of 45 thousand barrels to 4.98 million barrels per day in May, compared with its level in April.
And contributed to the political unrest in the Middle East also in raising prices, but some analysts said the increase in global production and stocks limited the gains.
In Asia, China exported 750 thousand tons of crude oil in March, the highest level of Chinese exports since 2006 in a possible sign that the second-largest importer of crude country in the world deplete the storage capacity.
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