RIYADH: Oil prices rose on Friday on expectations that the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+, will discuss output cuts at a meeting on Sept. 5, though concern over China’s COVID-19 curbs and weakness in the global economy loomed over the market.
Brent crude futures rose 66 cents to settle at $93.02 a barrel, while US West Texas Intermediate crude futures rose 26 cents to settle at $86.87 a barrel.
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