Oil price rises after signal output restriction

Crude oil prices rise after Saudi Arabian representatives reported that oil cartel OPEC to plan limited his production.

Futures for Brent oil then went up by 3%. The countries have been confined together for 1.5 million barrels of oil outflow.

Since OPEC announced on November 23 to reduce its inventories and eventually less to pump, the price is above $ 50 per barrel remained. That should go to $ 65 this year, according to OPEC. It now expects not having to make new interventions to reach that price.