(Montel) Oil prices rose around 3% in early trading on Monday amid expectations that Opec and its Russia-led partners plan to cut production.
The front-month contract for Brent crude North Sea oil traded last at USD 87.59/bbl, up USD 2.45 on Friday’s settlement on Ice Futures, while the US WTI equivalent stood USD 2.36 higher on the day at USD 81.85/bbl.
The 23 members of the Opec-led alliance, known as Opec , are due to meet in Vienna on Wednesday to discuss their current production agreement. It will be the…
