Light crude oil rose US $51.50 after the energy market on the sidelines of the Vienna meeting

The Bloomberg report, light crude rose US $51.50, market-Vienna Conference on Saturday.

OPEC said that once they achieve the cuts, global oil inventories decline will accelerate; the International Energy Agency IEA are expected to start early next year, the crude oil market back to equilibrium.

Energy consultant to Rystad Energy analysts estimated, if Russia is not only a reduction in the OPEC oil-producing countries countries, insufficient supply of crude oil in the first quarter of next year could come to 1.26 million barrels a day.

London-PVM Oil Associates Analyst Tamas Varga held the opposite view, that even if OPEC and non-OPEC oil-producing countries are fully comply with cuts, global crude inventories are not likely to begin in 2017 half reduction if so oil prices will be depressed.

January United States light crude oil futures closed $51.50 a barrel. February Brent crude futures rose received US $54.18 a barrel.