Oil prices rise to near $90/bbl on US crude stock drop

<ul><li>Brent crude futures rose $1.03, or 1.17%, to $89.39 a barrel at 0941 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.06%, to $81.81 a barrel.</li></ul>

Will OPEC+ consider additional crude output cuts in their upcoming meeting?

In October, OPEC+ members agreed to cut oil production by 2 million barrels per day, the largest reduction since the pandemic began. The reduction is roughly equivalent to 2% of global oil demand.

Crude oil prices saw their second-biggest monthly gain in 2022

The surge in oil prices began after the OPEC+ agreed to cut oil production by 2 million barrels per day from November, the largest reduction since the pandemic began, and the reduction is roughly equivalent to 2% of global oil demand.

Supply cuts from OPEC+ could drive oil prices to above $100, say experts

Experts believe that the outcome of Monday's meeting could be a wait-and-see approach as large uncertainties about the revival of Iran's nuclear deal are hanging over the market, apart from where the demand will go from here.

Oil Set for First Monthly Decline This Year Before OPEC+ Meeting

Oil is heading for the first monthly decline since November as OPEC+ ministers prepare to gather to discuss the group’s supply policy.

'India's Russian oil imports jump 50 times; now accounts for 10% of all import'

India's Russian oil imports jump 50 times; now accounts for 10% of all import: official

Crude Oil Sinks Again as Specter of US Slowdown Alarms Investors

Oil retreated along with other key commodities as concern over a global economic slowdown intensified, with Federal Reserve Chair Jerome Powell warning that a US recession is possible.

It’s Not ESG Driving Big Oil Away From Its Biggest Reserves

Margins are tight and the quality is low. That makes tar sands a high-stakes bet in the best of times.

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Oil prices rise to near $90/bbl on US crude stock drop

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