Crude futures climb ahead of Opec+ meeting
MELBOURNE: Crude futures rose on Thursday on expectations the world’s largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with the coronavirus-driven collapse in global oil demand.
Brent crude futures rose 2.5 per cent, or 81 cents, to $33.65 as of 0034 GMT after touching a high of $33.90, adding to gains in the previous session.
US West Texas Intermediate (WTI) crude futures were up 4.3 per cent, or $1.08, at $26.17, having climbed as much as 6 per cent.
