Oil prices rise amid decreased production
Oil prices rose by 0.52%-1.38%
As of February 16 (07:47, Moscow time), Brent Crude futures for April delivery were trading 0.52% higher to settle at $63.63 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for March delivery on the New York Mercantile Exchange rose by 1.38 % to $60.29 a barrel.
Oil prices rise amid decreased production and processing.