Oil prices rise ahead of OPEC+ meeting
By Trend
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.
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