Oil rises on expectations that OPEC+ may reconsider output policy ...News

Russia Today - Economy
Oil rises on expectations that OPEC+ may reconsider output policy
source : Russia Today ( News ) () 8
Crude prices edged higher on Tuesday as investors await the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to decide on easing of production curbs amid the coronavirus pandemic. Global benchmark Brent was up more than 1% to $66.31 a barrel as of 14:04 GMT. West Texas Intermediate (WTI) crude for June delivery rose almost 1.30% to $62.71 per barrel. OPEC+ officials are meeting on Tuesday to decide whether to stick with a timetable that would see producers ease output cuts beginning next month. READ MORE: OPEC+ agrees to ease oil production cuts as it bets on increased demand amid Covid pandemic recovery The gro

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