Brent keeps rising on GLOPEC move

07.10.2022

Oil prices rose about 1% on Thursday, holding at three-week highs after OPEC+ agreed to tighten global supply with a deal to cut production targets by 2 million barrels per day (bpd), the producers' largest reduction since 2020.

Brent crude futures settled at $94.42 a barrel, up $1.05, or 1.1%. U.S....