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The Rise in Oil Prices

Summary by aletihad.ae
The future contracts of Brent 17 cents increased to $60.92 per barrel by 0024 GMT, reducing past losses, while the West Texas broker increased 11 cents to $57.43 per barrel. The Organization of Petroleum Exporting Countries (OPEC) and its allies, collectively called OPEC+, decided to stabilize their production yesterday.
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The future contracts of Brent 17 cents increased to $60.92 per barrel by 0024 GMT, reducing past losses, while the West Texas broker increased 11 cents to $57.43 per barrel. The Organization of Petroleum Exporting Countries (OPEC) and its allies, collectively called OPEC+, decided to stabilize their production yesterday.

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aletihad.ae broke the news in on Monday, January 5, 2026.
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