Oil maintains its rapid premiums recorded on the first trading day of the week.
The USA crude oil which recorded the fastest daily rise since May with an increase of 5 percent on the first trading day of the week maintains its course above $ 100.
Brent oil is above $106.
It is seen that especially the supply concerns are effective in the market. Saudi Arabia's lack of a clear commitment to Biden in oil production and the interruptions in oil flow from Canada to the USA are among the main factors affecting pricing.
Saudi Arabia's Crown Prince Mohammed bin Salman stated that his country has decided to increase oil production to 13 million barrels per day, as previously announced, and that they will not have additional capacities other than that.
The Crown Prince did not share a timetable regarding Saudi Arabia's plan to increase oil production by more than 1 million barrels to 13 million barrels per day.
Except for Saudi Arabia, the Organization of Petroleum Exporting Countries (OPEC) and the OPEC+ group, which consists of some non-OPEC producer countries such as Russia, did not make a statement to increase oil production.
On the other hand, the increase in Kovid-19 cases in China, the world's second largest oil consumer, and new restrictions and rising recession concerns are putting downward pressure on prices.
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