Oil prices rise with increased concerns of supply shortages

Prices are rising for the third week in a row, and both benchmarks are now at their highest level in ten months.
Photo: Jacob Ehrbahn
Photo: Jacob Ehrbahn
AF MARKETWIRE

Oil prices are rising for the fourth trading day in a row as weak shale oil production in the US spurs further concerns about a supply deficit in the wake of continued production cuts by Russia and Saudi Arabia, Reuters reports.

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