Follow Us:
Friday, July 20, 2018

Oil prices rise ahead of OPEC meeting

OPEC and other key oil producers will meet on November 30 to discuss whether to extend the current price-supporting curbs on crude output, Xinhua news agency reported.

By: IANS | New York | Published: November 22, 2017 10:19:49 am
oil prices, oil prices rise, pil prices increase, opec meeting on oil prices, curb increase oil prices, opec meeting on increased oil prices, indian express news In a bid to end a global oversupply, the group has been restraining output since the start of this year.

Oil prices climbed on Tuesday as investors were awaiting the closely-watched OPEC (Organisation of the Petroleum Exporting Countries) meeting next week, a media report said.

OPEC and other key oil producers will meet on November 30 to discuss whether to extend the current price-supporting curbs on crude output, Xinhua news agency reported.

In a bid to end a global oversupply, the group has been restraining output since the start of this year.

It is expected that the agreement will be extended to cover the next year.

Meanwhile, a weak dollar boosted market sentiment for the dollar-priced oil. The dollar index, which measures the greenback against six major peers, was down 0.14 per cent at 93.92 in late trading.

For all the latest World News, download Indian Express App