Oil rises, awaits upcoming OPEC outcome

  • Regular
  • Economy
  • 6 months ago
  • 87

Oil rose to 1% making up for some losses, however the upcoming OPEC meeting next week in Vienna which will see all of its members, and non-members, discuss new production cuts is still keeping a lid on any significant breakthrough.

U.S. crude futures closed down 2.5% at $50.29 per barrel.

Brent Crude meanwhile closed up 1.02% at $59.36 a barrel.






Source: Smart Trend Team