Oil prices continue to rise steadily for the third week in a row

This movement on the stock exchange has been going on since July 3. It is driven by production cuts and expectations of economic instability.

This is evidenced by changes in the prices of oil brands such as Brent and WTI.  

It will be recalled that prices began to rise after Saudi Arabia and Russia announced oil production cuts in July and August.

As reported by Reuters, on July 13, some oil fields in Libya were closed due to protests by the local community over the kidnapping of a former minister.