Oil Prices Rise ahead of OPEC+ Meeting

Oil prices rose on Friday as traders await a key meeting by the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, Trend reports citing Xinhua.
The West Texas Intermediate for November delivery added 85 cents to settle at 75.88 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for December delivery increased 97 cents to close at 79.28 dollars a barrel on the London ICE Futures Exchange.
OPEC+ is expected to meet on Monday, discussing its plan on crude production. The group is gradually easing record output cuts made last year.

About Parvin Faghfouri Azar

Check Also

Russia’s Crude Oil Shipments Slump by 11% in Two Months

Russian crude oil exports by sea have dropped by 11% from a recent high in …

Leave a Reply

Your email address will not be published. Required fields are marked *