Reported 4 months ago
Oil prices are on the rise ahead of an upcoming meeting of OPEC+ to discuss crude supply. Analysts anticipate that OPEC+ will likely extend production cuts beyond June, leading to higher oil prices. This expectation, along with a lower US dollar and the current market dynamics, has contributed to the increase in oil prices, with WTI settling at $79.83 a barrel and Brent at $84.22 a barrel.
Source: YAHOO