Oil Prices Inch Towards $50 On OPEC+ Agreement ...Middle East

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Oil Prices Inch Towards $50 On OPEC+ Agreement
source : OILPRICE ( Middle East ) () 9
Oil prices rose early on Friday, headed for a fifth week of gains, after OPEC+ managed to seal a compromise deal over its oil production policy early next year, presenting a united front of a unanimous decision after days of disagreements. As of 8:51 a.m. ET on Friday, WTI Crude was up by 1.03 percent at $46.06, and Brent Crude was nearing the $50 a barrel mark, up 1.13 percent on the day at $49.25. After days of debates, OPEC+ decided on Thursday that the group would add in 500,000 barrels per day (bpd) in January to its oil production quotas,…

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