Oil prices rose by more than $1 in early trading on Monday after OPEC+ said it would delay a planned December output hike by one month. Brent futures rose by $1.14 per barrel:il prices rose by more than $1 in early trading on Monday after OPEC+ said it would delay a planned December output hike by one month. Brent futures rose by $1.14 per barrel, or 1.56%, to $74.24 a barrel. US West Texas Intermediate (WTI) crude also rose by $1.14 a barrel, or 1.64%, to $70.63. According to Qatar News Agency, OPEC+, which includes the Organization of the Petroleum Exporting Countries plus Russia and other allies, was due to increase output by 180,000 barrels per day in December.
Related Posts
Kuwaiti Oil Price Rises to $87.39 a Barrel
The price of Kuwaiti oil went up by $0.88 to $87.39 a barrel on Thursday as opposed to $86.51 a barrel last Wednesday, Kuwait Petroleum Corporation (KPC) said today.
In the global markets, Brent crude futures rose $0.32 to reach $85.4 a barrel, while…
Oil Continues to Rise amid Possible Escalation of Middle East Conflict, Supplies Impact
Oil prices climbed on Wednesday after an industry report showed US crude and gasoline inventories fell, as the market watched for a possible escalation of conflict in the Middle East, which may impact global oil supplies.
Brent crude futures rose 56 …
Japan Real Wages Down 1.4% in May
Japan’s real wages in May fell 1.4 percent from a year earlier, declining for a record 26th straight month, as the sharpest base wage growth in 31 years was offset by inflation.
The drop in May was larger than a revised 1.2 percent fall in April, wit…