EnergyWatch

Oil prices rise as eyes track supply

Four sources within OPEC+ tell Reuters that the organization is considering an output boost, however revealing no details.

Photo: ANGUS MORDANT/REUTERS / X06552

Oil prices are up Friday morning as the market's attention is fixed on supply.

The Organization of the Petroleum Exporting Countries and OPEC+, consisting of both the core cartel and its allies led by Russia, meets on Monday next week to discuss raising output even further to ease supply issues and the effects of rising natural gas prices leading power utilities to switch from gas to oil.

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