BEIJING – Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over U.S. monetary policy and Washington's debt ceiling bill. Brent crude futures rose 13 cents, or 0.18 percent to $74.41 a barrel by 0115 GMT, while U.S. West Texas Intermediate crude (WTI) rose 15 cents, or 0.21 percent, to $70.25 a barrel, following two consecutive days of sliding crude prices. Markets were reassured by signals of a potential pause in rate hikes by the Federal Reserve as well as the House of Representatives' passage of a bill suspending the U.

https://business.inquirer.net/403912/oil-prices-rise-as-market-awaits-possible-opec-cuts

#inquirer