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The gas field contains economically viable quantities of gas, according to the Sharjah Petroleum Council
Brent crude futures rose by 28 cents, or 0.3 percent, reaching $83.24 per barrel
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
EIA reported an unexpected U.S. crude drop of 6.4 million barrels, surpassing expectations of an 825,000-barrel increase
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
Brent futures rose by $2.63, reaching $89.74 per barrel
This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
Brent oil futures fell 0.1 percent to $89.89 per barrel
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
