Oil prices rose morning in Europe after the OPEC+ group agreed to only a modest boost in monthly production, allaying fears of a more dramatic hike.
After meeting on Sunday, the alliance said that it would raise oil production by 137,000 barrels per day in November, the same total it announced for October.
WTI crude oil rose 1.31% to $61.68 a barrel at around 8.15 CEST, while Brent jumped 1.22% to $65.32 a barrel.
Prices are, however, still down on the week after news of potential increases to OPEC+’s production.--agencies
After meeting on Sunday, the alliance said that it would raise oil production by 137,000 barrels per day in November, the same total it announced for October.
WTI crude oil rose 1.31% to $61.68 a barrel at around 8.15 CEST, while Brent jumped 1.22% to $65.32 a barrel.
Prices are, however, still down on the week after news of potential increases to OPEC+’s production.--agencies
