Oil prices rise on optimism OPEC+ meeting will result in supply cut
Share:
MELBOURNE/SINGAPORE (Reuters) - Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand.Brent crude futures rose 1.2%, or 41 cents, to $33.25 a barrel as of 0529 GMT. The contract rose to an intra-day high of $33.90, climbing for a second day. U.S. West Texas Intermediate (WTI) crude futures were up 3.3%, or 82 cents, at $25.91 a..