Oil prices up over supply cut fears ahead of OPEC+ meeting
Oil prices started the day with a 0.64 per cent increase compared to Monday's closing, ahead of the OPEC+ meeting on 5 October, when OPEC+ producers will decide on the extent of their production cuts for November, Anadolu News Agency reports
Erin
Estimated reading time: less than 1 minute
International benchmark Brent crude traded at $89.44 per barrel at 10.24 a.m., local time (0724 GMT), for a 0.65 per cent gain, from the closing price of $88.86 a barrel in the previous trading session.
American benchmark West Texas Intermediate (WTI), trading at $84.05 per barrel at the same time, increased 0.50 per cent, after the previous session closed at $83.63 a barrel.
Investors are awaiting the outcome of the OPEC+ meeting this Wednesday, 5 October, when the Group will discuss production cuts of over 1 million barrels per day for November.
Source: Middle East Monitor under CC BY-NC-SA 4.0
What's Your Reaction?
USA 
Eurozone 
United Kingdom 
Ireland 
Qatar 
