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Oil scores first weekly gain in 5 weeks ahead of OPEC+ policy decision; Brent settles lower at $80/bbl
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₹6,338 per bbl, having swung between ₹6,330 and ₹6,436 per bbl during the session, against a previous close of ₹6,374 per barrel. -The first group of hostages freed from captivity in Gaza returned to Israel on Friday, on the first day of a planned four-day truce during which further exchanges of hostages for Palestinian detainees are due to take place.
-The OPEC+ group surprised the market on Wednesday by delaying its November 26 to November 30 after the oil producers struggled to reach a consensus on output levels. Analysts speculate that Saudi Arabia is pressing for extending the supply cuts beyind 2023.
Read more on livemint.comAbout this in other media
Oil prices in 6th weekly side as bears sharpen claws after OPEC+ cuts fall short investing.com /5 months ago
Oil rises over 1% after OPEC+ agrees to 1 million bpd supply cut; Brent reaches $84/bbl livemint.com /5 months ago
Oil prices rise as markets look to OPEC+ cuts; Caution persists investing.com /5 months ago
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