Oil rises on prospects of OPEC+ production cuts
Energy
- 04 October, 2022
- 05:16
World oil prices morning rose on October 4 on a possible decrease in OPEC+ production, Report informs referring to the auction data.
The price of December futures for Brent crude rose by 0.45% to $89.26 per barrel, November futures for WTI increased by 0.25% to $83.85.
Prices are buoyed by the OPEC+ meeting that will take place in Vienna on October 5. At the meeting, the alliance will consider the option of reducing oil production by more than 1 million barrels per day, Bloomberg reported.
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