Oil prices rose today supported by the possibility of OPEC+ extending or strengthening supply cuts, with Kazakhstan reducing its production due to a storm.
The price of standard Brent crude now stands above $82 a barrel.
Brent crude futures rose to $82.15 per barrel, and US West Texas Intermediate crude futures rose to $476./ barrel.
OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies namely Russia, will hold an online ministerial meeting on November 30 to discuss production targets for 2024.
Four OPEC+ sources said on Tuesday that talks on oil policy for 2024 are difficult, which suggests the possibility of extending the previous agreement and maintaining production cuts.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.