Oil reports weekly gain as traders await OPEC+ quarterly supply decision
Sun, Mar 3, 2024 1:13 PM

Oil reports weekly gain as traders await OPEC+ quarterly supply decision

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Oil prices rose 2% in the previous session and posted weekly gains as traders awaited the supply agreements decision for the second quarter  by the Organisation of Petroleum Exporting Countries and it allies (OPEC+) while also weighing fresh US, European and Chinese economic data. Brent futures for May settled $1.64 higher, or two per cent, at $83.55 a barrel.

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