Bank Of Baku

Oil prices rising on eve of OPEC meeting

Oil prices rising on eve of OPEC meeting
# 26 November 2014 07:39 (UTC +04:00)

Baku – APA-Economics. Light oil for December delivery went up $0.05 to $74.14 a barrel on the New York Mercantile Exchange.

 

Brent grew $0.16 to $78.49 a barrel on ICE Futures Europe.

 

Analysts attribute the rise in oil prices with the upcoming OPEC meeting at which the cartel is expected to take a decision to reduce oil production. 

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