This Wednesday, oil prices rose by about 1%. Investors ignored fears of an offer surplus, after digesting a decision taken earlier by OPEC+ of limit production increases next month.

Brent crude oil futures have increased by 63 cents, or 0.96%, to $66.08 per barrel at 07:15 GMT. The American crude oil (West Texas Intermediate) rose by 66 cents, or 1.07%, to 62.39 dollars.

Benchmarks remained globally stable during the previous session, with investors evaluating the signs of an oversupply compared to a smaller increase than expected Of November production from the Organization of Petroleum Exporting Countries and its subsidiaries.

According to ANZ analysts, “However, price increases are limited, as fears of a Russian supply disruption has subsided, shipments of Crude oil holding close to a 16-month high in the four last weeks.”