Oil prices are on the rise again

Oil prices are on the rise again

Crude oil prices rose again on Tuesday, due to forecasts of a further drop in production by the “OPEC+” alliance.

In Tuesday’s trading, Brent futures for February delivery rose 1.68% to $85.30 a barrel. US West Texas Intermediate crude futures for January delivery were up 1.51% at $78.50 a barrel.

The alliance will hold a meeting on December 4 to discuss developments in the global oil market and crude demand expectations in light of existing economic and health scenarios.

Previous Post Next Post