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Oil prices rise as traders await OPEC+ meeting
TIWN
Oil prices rise as traders await OPEC+ meeting
PHOTO : TIWN

New York, Nov 2 (TIWN) Oil prices advanced on Monday as traders are awaiting a key meeting of the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+.

The West Texas Intermediate for December delivery added 48 cents to settle at 84.05 US$ a barrel on the New York Mercantile Exchange. Brent crude for January delivery increased 99 cents to close at 84.71$ a barrel on the London ICE Futures Exchange.  OPEC+ is expected to meet on Thursday, discussing its plan on crude production. The group is gradually easing record output cuts made last year, Xinhua news agency reported.

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