The United States crude oil weekly in six weeks fifth weeks rose from 11 months since rose about 22%, traders said, mainly by the OPEC agreement to cut output drive.

“Friday trading volume is low, the low oil prices showed little change,” PSW Investments executive Phil Davis said, he pointed out that U.S. crude oil rose a few cents, just enough to refresh the 17 month closing high.

Davis warned that if the market believes that OPEC production does not last a long time, high oil prices will be difficult to continue.

Libya National Oil Company announced on Tuesday that the oil pipeline to the west of Sharara and El in Feel oilfield to reopen, hopes for future production in March increased to 270 thousand barrels / day.

Analysts say Saudi Arabia announced this week will raise domestic fuel prices by the government to reduce subsidies, the factors may soon heavy oil city.

This may reduce the Saudi domestic crude oil consumption, the state more supply of crude oil to the export market, Citi Futures energy futures expert Tim Evans said in a statement.