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By 0103 GMT, oil futures were higher Brent 12 cents, or 0.2 percent, to $72.43 a barrel, while U.S. West Texas Intermediate crude futures rose 16 cents, or 0.2 percent, to $68.70 a barrel, according to Reuters data. .
The two reference values fell by around two percent yesterday, Wednesday.
The sources were from OPEC+ She told Reuters the coalition was likely to extend the latest round of output cuts oil At least three months from January, when it meets online on Thursday at 11:00 GMT to provide further support to the oil market.
And aim OPEC+, which pumps about half of the world’s oil production, will gradually end production cuts during 2025.
“Market participants are closely watching whether OPEC+ will focus on supporting markets by extending production cuts or decide to defend its share of the global crude oil market by easing those cuts,” said Satoru Yoshida, commodity analyst at Rakuten Securities.
He added: “The OPEC+ decision may cause a short-term reaction, but it is likely to grow.” Oil market By the end of the year, amid expectations of a recovery in the US economy under the Trump administration and ongoing tensions in the Middle East.
A larger-than-expected drop in U.S. crude inventories last week also added some support to prices.