Oil prices tick up after OPEC+ panel maintains output cuts
newscatcher
2023-10-05 03:31
Oil prices tick up after OPEC+ panel maintains output cuts
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia. REUTERS/Maxim Shemetov/File photo TOKYO  – Oil prices inched up in early trade on Thursday, clawing back some of the previous session's big losses after an OPEC+ panel maintained oil output cuts to keep supply tight amid concern about a looming slump in global economic growth. Brent crude oil futures were up 11 cents to $85.92 a barrel while U.S. West Texas Intermediate crude (WTI) rose 7 cents to $84.29 at 0040 GMT.

https://business.inquirer.net/424914/oil-prices-tick-up-after-opec-panel-maintains-output-cuts

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