Oil prices continued to rise in the context of Saudi Arabia's statements about plans to reduce supplies in December.

On Monday, the oil market showed price increases after Saudi Arabia reported that it intends to reduce supplies in December. In the afternoon session on Monday, Brent crude rose 1.74% to $ 71 40 cents per barrel. The price of WTI crude rose 0.73% to 60 dollars 92 cents per barrel. In an effort to stop the fall in oil prices, Saudi Arabia decided to limit the volume of supplies to 500,000 barrels per day in December and intends to obtain the consent of other OPEC member countries in a coordinated manner to reduce production . Saudi Energy Minister Khalid al-Faliha said that in December it is expected that buyers' requests will decrease to 50,000 barrels per day, which will result in a 0.5% decrease in world supply.
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