Oil Prices Jump As Market Eyes Another Possible OPEC+ Cut ...Middle East

OILPRICE - Economy
Oil Prices Jump As Market Eyes Another Possible OPEC+ Cut
source : OILPRICE ( Middle East ) () 26
Crude oil prices jumped on Tuesday ahead of the next OPEC+ meeting as the group dispelled earlier rumors that it could agree to increase crude oil production at its next meeting. The cost of Brent crude rose $2.07 by 9:45 am ET, to $85.26 per barrel. WTI rose $1.66 per barrel to $78.90—although both benchmarks are still considerably lower than this time last week, and nearly $15 below August levels. Goldman Sachs on Tuesday supported the market fear that OPEC could once again cut production, sending oil prices higher, saying that it was highly…

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