Bisnis.com, NEW YORK – Invented crude oil inventories, while France imposes sanctions on security concerns.
Regarding this condition, global oil prices said there was some increase in volatile trading on Monday locally or on Tuesday (11/20/2018) WIB morning.
The energy information provider, Genscape, told CNBC traders who lost crude oil inventories in the last week, which cut losses for the future of oil.
European political developments also supported oil prices, as foreign ministers of the European Union on Monday (19/11) supported the French government's decision to impose penalties on Iranian citizens accused of planning in France.
The decline in raw stocks has reduced offshore fears by oil producers.
Earlier, on Monday morning (19/11), oil prices fell following a statement from a Russian energy minister that his country would continue to observe the market in the next few weeks before making a decision to break production.
"We need to see how the situation develops in November and early December to better understand the current conditions and prospects for winter," said Alexander Novak in Moscow.
The US dollar marker, West Texas Intermediate (WTI) for December classification, had risen 0.3 dollars in the United States to settle 56.76 dollars per barrel on the New York Trade Exchange.
Meanwhile, the global benchmark Brent for January introduced 0.03 dollars to close 66.79 dollars a barrel on the London ICE Futures Exchange.
Source: Antara / Xinhua