Oil Traders Expect OPEC+ to Hold Oil Output Flat at Weekend Meeting

Oil Traders Expect OPEC+ to Hold Oil Output Flat at Weekend Meeting

Oil Prices Climb Ahead Of OPEC+ Meeting » News.ng

On Tuesday, oil prices increased as the market anticipated an upcoming OPEC+ meeting scheduled for Sunday, where experts predict the group will maintain its existing voluntary production cuts. Brent crude rose by 72 cents, or 1.06%, reaching $68.87 per barrel Tuesday morning. U.S. West Texas Intermediate (WTI) crude climbed $1.33, or 2.08%, to $65.34 per barrel. WTI futures did not trade on Monday due to the U.S. Labour Day holiday. The focus is…

Oil Prices Climb As OPEC+ Expected To Maintain Voluntary Output Cuts

Oil prices advanced on Tuesday ahead of the OPEC+ meeting scheduled for September 7 with analysts projecting that the producer group will keep existing voluntary supply cuts in place. Brent crude oil, against which Nigerian oil is priced, rose 72 cents or 1.06 percent to $68.87 per barrel by 4:07 p.m. in Nigeria, while U.S. West Texas […] The post Oil Prices Climb as OPEC+ Expected to Maintain Voluntary Output Cuts appeared first on Investors Ki…

Oil Prices Steady Amid Supply Concerns

Oil prices have remained relatively stable as traders await new developments that could push prices beyond their current range. Brent crude is trading near $US69 a barrel, following a 1 per cent increase in the previous session, while West Texas Intermediate is hovering around $US65. Market attention is focused on the upcoming OPEC+ meeting this weekend, where members will decide on the output for October. Most analysts anticipate the group will…

Oil Drifts As Traders Wait For OPEC+ And Next US Move On Russia

Oil drifted as traders waited for fresh catalysts to move prices out of what’s been a relatively narrow band, with attention on an upcoming OPEC+ meeting and US moves on Russian supplies.