Oil prices rising in anticipation of the extension of lowering production led by "OPEC"

           Oil prices rising ahead of the OPEC meeting on Thursday, which is expected to result in an extension of lowering production after 2017 for at least nine months after six months in the first half of this year.
 US crude were $ 54.41 a barrel, or 45 cents, up to 0.8 percent from the previous close.
 US crude futures rose 40 cents, or 0.8 percent, to 51.76 dollars.
 Both crude are up more than 16 percent since May.
 Prices rising by consensus that the Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, will hold the supply by 1.8 million barrel per day to be extended beyond 2017 instead of covering only the first half of the year.
 Jeffrey Halley, an analyst at Singapore brokerage of Oanda, said there was speculation that it could increase to nine months and maybe 12 months.​