Economic news

Oil continues growth

Oil prices continued to rise on Tuesday after Saudi Arabia undertook to restrict exports from next month and OPEC called on several members to get closer to their agreement that will help to curb the oil glut.

Gains were also supported by a warning from Halliburton's Executive Chairman that the increase in North America drilling rigs was "showing signs of stabilization," a possible threat to U.S. shale oil production.

Brent crude for September delivery rose 22 cents, or 0.5%, at $48.82 a barrel, after settling up 1.1% in the previous session. WTI crude futures rose 23 cents, or 0.55%, to $46.57 a barrel.


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