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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAfter earning more than a dollar due to forecasts of a tighter supply due to cuts in Russian production and attacks on Russian refineries, oil prices are on the verge of a lower second day. It's on the rise today.
Crude oil has won over supply issues and ongoing tensions in the Middle East. U.S. crude futures rose 28 cents to $82.23. Brent rose by 23 cents to reach $86.98 per barrel at 0118 GMT, according to a note by ANZ analysts. Both contracts were $1.32 more in the previous session
.Russia has asked its oil companies to reduce production to meet the target of 9 million barrels per day (bpd) set by the Organization of Petroleum Exporting Countries (OPEC).
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