Oil prices rose on Tuesday as traders looked to a meeting next week at which major crude exporters are expected to extend production cuts, though rising US output capped gains. Brent crude oil was up 47 cents at $62.69 a barrel at 0932 GMT. US light crude was at $56.74, up 32 cents. Analysts said Brent was expected to fluctuate in a narrow range, between $61 and $63, as the market awaited the outcome of the Organization of the Petroleum Exporting Countries' meeting on November 30. OPEC, together with a number of non-OPEC producers led by Russia, has been restraining ...
Oil prices rise ahead of OPEC meeting as further output cuts expected
Brent crude oil on Tuesday was up 47 cents at $62.69 a barrel at 0932 GMT while US light crude was at $56.74, up 32 cents