Commodities and Futures News

Oil prices rise by over $1 on OPEC+ output hike delay

2024.11.03 20:05

BEIJING (Reuters) – Oil prices rose by more than $1 in early trading on Monday after OPEC+ said on Sunday it would delay a planned December output hike by one month.

© Reuters. FILE PHOTO: Storage tanks for crude oil, gasoline, diesel, and other refined petroleum products are seen at the Kinder Morgan Terminal, viewed from the Phillips 66 Company's Los Angeles Refinery in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo

futures rose by $1.14 per barrel, or 1.56%, to $74.24 a barrel. U.S. West Texas Intermediate (WTI) crude also rose by $1.14 a barrel, or 1.64%, to $70.63.

OPEC+, which includes the Organization of the Petroleum Exporting Countries plus Russia and other allies, was due to increase output by 180,000 barrels per day (bpd) in December.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,169.30 0.48%
ethereum
Ethereum (ETH) $ 3,414.24 2.05%
tether
Tether (USDT) $ 1.00 0.00%
solana
Solana (SOL) $ 256.81 1.93%
bnb
BNB (BNB) $ 659.16 2.29%
xrp
XRP (XRP) $ 1.46 3.99%
dogecoin
Dogecoin (DOGE) $ 0.434749 4.25%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 1.07 0.54%
staked-ether
Lido Staked Ether (STETH) $ 3,409.53 1.77%
tron
TRON (TRX) $ 0.214923 3.62%
stellar
Stellar (XLM) $ 0.589411 40.63%
avalanche-2
Avalanche (AVAX) $ 42.10 3.91%
the-open-network
Toncoin (TON) $ 6.41 15.59%
shiba-inu
Shiba Inu (SHIB) $ 0.000027 1.27%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,050.94 2.11%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,924.24 0.28%
polkadot
Polkadot (DOT) $ 9.09 23.90%
chainlink
Chainlink (LINK) $ 17.73 6.34%
bitcoin-cash
Bitcoin Cash (BCH) $ 517.55 2.43%
weth
WETH (WETH) $ 3,414.54 2.25%
sui
Sui (SUI) $ 3.45 2.94%
pepe
Pepe (PEPE) $ 0.000021 1.88%
leo-token
LEO Token (LEO) $ 8.61 1.09%
near
NEAR Protocol (NEAR) $ 6.42 4.22%
litecoin
Litecoin (LTC) $ 100.69 1.41%
aptos
Aptos (APT) $ 12.99 2.05%
uniswap
Uniswap (UNI) $ 10.93 8.67%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,601.58 2.44%
hedera-hashgraph
Hedera (HBAR) $ 0.150674 1.84%
internet-computer
Internet Computer (ICP) $ 11.77 8.55%
crypto-com-chain
Cronos (CRO) $ 0.196947 5.05%
usds
USDS (USDS) $ 1.00 0.15%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.579123 13.37%
ethereum-classic
Ethereum Classic (ETC) $ 30.00 3.89%
render-token
Render (RENDER) $ 7.87 1.31%
bittensor
Bittensor (TAO) $ 534.91 2.60%
kaspa
Kaspa (KAS) $ 0.152483 2.14%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.47 11.99%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
arbitrum
Arbitrum (ARB) $ 0.880666 9.44%
cosmos
Cosmos Hub (ATOM) $ 9.18 19.78%
bonk
Bonk (BONK) $ 0.000048 5.39%
filecoin
Filecoin (FIL) $ 5.95 21.22%
whitebit
WhiteBIT Coin (WBT) $ 24.74 0.50%
vechain
VeChain (VET) $ 0.042979 11.42%
dai
Dai (DAI) $ 1.00 0.03%
mantra-dao
MANTRA (OM) $ 3.75 2.85%
dogwifcoin
dogwifhat (WIF) $ 3.32 0.36%
celestia
Celestia (TIA) $ 7.45 26.05%