OPEC+ increase in oil prices will halt production growth

MELBOURNE: Oil prices climbed on Tuesday, extending a rebound from last week’s fall on rising hopes major producers halted plans to add crude supplies in January amid uncertainty over the severity of the Omicron coronavirus outbreak. US West Texas Intermediate (WTI) crude futures jumped 99 cents, or 1.4 per cent, to $70.94 a barrel by … Read more

Oil rises nearly 1% after OPEC+ supply halt

TOKYO: Oil prices rose nearly 1% on Friday after OPEC+ producers turned down US calls to increase supplies and instead maintained plans for a gradual return to output halted by the pandemic. Brent crude rose 72 cents, or 0.9%, to $81.26 a barrel after falling nearly 2% on Thursday. US oil rose 78 cents, or … Read more