Featured Gas Oil

Oil prices rise as focus shifts to OPEC+ meeting

Oil prices on Thursday rose ahead of new decisions by the OPEC+ oil association.

In the morning, a barrel of North Sea Brent crude for delivery in February cost 69.77 dollars, 90 per cents more than the previous day.

The price of a barrel of U.S. West Texas Intermediate (WTI) for delivery in January rose 87 per cent to 66.44 dollars.

After the emergence of the Omicron variant of the Coronavirus, which is classified as a cause for concern, had weighed heavily on oil prices several times in recent trading days, a meeting of the OPEC+ oil association has become the focus of interest on the oil market.

In the course of the day, decisions are expected on the further production policy of the oil association, in which the member states of OPEC and other important oil states, including Russia, have joined forces.

Related posts

Loot for expressways/Niger Bridge, not governors

Aliyu DANLADI 

12 banks earned N461.51bn interest in three months – Reports

Our Reporter

FG to reconsider 500% tariff on local beverages

Editor

Low passenger volume as domestic flights resume fully

Our Reporter

Dangote Flour workers protest over non-payment of gratuities

By Olamilekan FAWAS

37 ships carrying various products expected at Lagos ports

Editor