Oil set for weekly gain

Business 14:52 30 Sep, 2022
Oil set for weekly gain

Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5, Qazet.az reports.

Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07%, to $89.44 a barrel by 0948 GMT. The more active December contract was up 81 cents at $87.99.

U.S. West Texas Intermediate (WTI) crude futures rose 72 cents, or 0.89%, to $81.95.