Oil prices edge higher ahead of OPEC+ meeting, vaccine hopes

Oil prices edge higher ahead of OPEC+ meeting, vaccine hopes
  • Clock-gray 07:11
  • calendar-gray 17 November 2020

Oil prices edged higher on Tuesday on expectations OPEC and its allies will extend oil production cuts for at least three months, while sentiment was bolstered by news of another promising coronavirus vaccine, APA reports quoting Reuters.

Brent crude futures for January rose 16 cents, or 0.4%, to $43.98 a barrel by 0104 GMT and U.S. West Texas Intermediate crude for December added 13 cents, or 0.3%, to $41.47 a barrel.

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