Oil prices rose on Tuesday after a report from OPEC confirmed that top exporter Saudi Arabia had cut production to avert looming oversupply. Saudi Arabia told the producer group of the Organization of the Petroleum Exporting Countries (OPEC) that it had cut production by 200,000 barrels per day (bpd) to 10.288 million bpd.OPEC's monthly report published on Monday, which uses data from secondary sources, confirmed the Saudi cut, which traders said triggered crude's upward move early on Tuesday. For more information about commodity update please visit : www.dollaradvisory.com and call : 9111179961
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