Oil prices rise on slow OPEC output increase


SINGAPORE, Nov 2 (Reuters): Oil prices rose on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, while the world's top oil consumer China ramped up operating rates to meet a spike in diesel demand.

Brent crude futures gained 28 cents, or 0.3%, to $84.99 a barrel by 0744 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 6 cents, or 0.1%, to $84.11 a barrel.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Oil Prices , Higher , OPEC Output

   

Next In Aseanplus News

Security guard charged with murdering infant son
Thailand considering expanding humanitarian aid to Myanmar, says official
Philippines and New Zealand plan troop visits and logistics deals
Asean 'deeply concerned' by escalating Myanmar violence
Indonesia's Mount Ruang eruption disrupts airspace and airport closure extended
Fakebook? Meta blamed as online shopping fraud doubles in Singapore
Relief for passengers as flights resume in Sarawak
Oil surges as reports of Israeli strike on Iran roil markets
Cops beef up KLIA security with GOF personnel
Batik Air to suspend all flights to Istanbul, beginning May 1

Others Also Read