Economy

Oil rises as OPEC weighs deeper output cuts



Oil prices edged higher on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year.

 

Sources told Reuters that OPEC was seeking to increase production cuts by the group and its allies by Russia by more than 400,000 barrels per day (bpd) from their current level of 1.2 million bpd.

 

The Organization of the Petroleum Exporting Countries meets on Thursday in Vienna followed by a meeting on Friday with Russia and other producers. The group is known as OPEC+.

 

Brent crude futures were up 21 cents, or 0.33%, to $63.21 a barrel at 1005 GMT. Brent surged 3.6% on Wednesday. West Texas Intermediate (WTI) crude futures were up 1 cents to ...
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A Kurdish man murdered in Nashville


Kurdish man Nashwan Malaka was fatally shot inside the Newroz Market on Elysian Fields Court where he worked Thursday night in south Nashville.

 

The 32-year-old father of two ...


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Susan Rice: U.S. has ‘sold out the Kurds’ with Syria move


Susan Rice, former U.S. ambassador to the United Nations and national security adviser in the Obama administration, joined Judy Woodruff on PBS NewsHour and discussed the Trump administration&rsquo...


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HRW: Abductions Linked to Baghdad Protests


At least seven people, including a boy of 16, were reported missing since October 7 from or near Baghdad’s Tahrir Square, where they were participating in ongoing protests in Iraq’s cap...


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