Crude prices continue to rise during today’s trading session, Monday, the opening session for the week and for the month of February, after recording gains of more than 7 percent in January, increasing for the third month in a row, taking advantage of the start of Saudi Arabia, the largest producer of crude in OPEC, to reduce its production at the beginning. This month, despite the high concerns about the demand for crude due to the weakness in the launch and distribution of the vaccine in addition to the continuing high numbers of infection with the Coronavirus around the world. The Kingdom of Saudi Arabia, represented by the Saudi Energy Minister Abdulaziz bin Salman, announced earlier in January that the Kingdom would begin a voluntary reduction of its production by one million barrels per day in February and March, to retreat to 8.125 million barrels to contribute to supporting crude prices, which continues to support crude prices with the start Implementation period . The compliance of OPEC + in January with the agreement to reduce production reached 103 percent in January, according to Reuters estimates, compared to 99 percent last December, as the survey showed that OPEC production reached 25.75 million barrels per day in January, an increase of about 160 thousand barrels compared to December levels. Meanwhile, a research note issued by Goldman Sachs on Sunday showed that crude oil is expected to rise to $ 65 a barrel by next July, with expectations that the deficit will reach 2.3 million barrels per day in the fourth quarter of this year, driven by higher demand and lower supplies. While the bank expected demand to rise to 5.3 million barrels in the next six months ending in July, compared to 6.8 million in its previous forecast. Brent crude is trading at $ 55.45 a barrel, with the European session opening today, rising by 0.80 per cent, after rising more than 7.5 per cent in January. On the other hand, US crude (NYMEX) is trading at a rise of about 0.55 percent at levels of $ 52.49 a barrel, after recording gains of more than 7 percent in January.