Tue, 2022-11-29 09:58
RIYADH: Oil rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential output adjustment from the Organization of Petroleum Exporting Countries and its allies, known as OPEC+, who are set to have a key meeting this week.
Brent crude futures advanced $1.81, or 2.2 percent, and traded at $85.00 a barrel at 0446 GMT. US West Texas Intermediate crude futures rose $1.37, or 1.8 percent, to $78.61 a barrel.
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