Oil prices rise with all eyes on OPEC+ supply decision
Oil prices increased before a crucial OPEC+ meeting. Investors awaited the group’s decision on production cuts. Middle East tensions also influenced market sentiment. Brent crude rose to $72.43 a barrel. US crude reached $68.70. OPEC+ considered extending cuts for three months. US crude stockpiles fell unexpectedly. Hezbollah’s military strength was reportedly degraded. Trump’s envoy worked on a Gaza ceasefire deal.
