Saturday, February 1, 2025
Oil rises on reports that OPEC might extend cuts, U.S.-China talks to continue

Oil rises on reports that OPEC might extend cuts, U.S.-China talks to continue

CNBC Oil prices rose on Thursday after a Reuters’ report showed OPEC and its allies are likely to extend output cuts until mid-2020 while fresh reports emerged that China has invited U.S. negotiators for a new round of talks. Brent crude futures rose 69 cents, or 1%, to $63.09 a barrel, while West Texas Intermediate crude futures rose 82 cents, or 1.4%, to