Oil rose on expectations over lower production outputs from OPEC+
Oil rose on expectations over lower production outputs from OPEC+
International benchmarks for crude oil settled higher on Friday, 2 September 2022 on expectations that OPEC and allies might opt to lower production rates in the upcoming group meeting. However, the gains were capped by the renewed COVID-19-related lockdown in China that curb demand.
Brent rose 66 cents to close at $93.02/barrel.
WTI added 26 cents to settle at $86.87/barrel.