December 22, 2024

Contact Us | Feedback

Oil prices soar as market awaits OPEC+ decision

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Oil prices advanced on Wednesday as investors remain hopeful of OPEC+ decision to delay the scheduled increase in oil output.

Brent crude futures for January rose 22 cents, or 0.5%, to $43.97 a barrel by 07:33 GMT, while US West Texas Intermediate crude for December climbed 6 cents, or 0.1%, to $41.49 a barrel.

Earlier in the session, both benchmarks fell following the American Petroleum Institute report on US crude stockpiles rising by 4.2 million barrels last week. 

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Never miss any important news. Subscribe to our newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

Never miss any important news. Subscribe to our newsletter.

Recent News