Oil Prices Rise Ahead of OPEC+ Meeting

Oil Prices Rise Ahead of OPEC+ Meeting
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Okla., on March 24, 2016. Nick Oxford/Reuters
Reuters
Updated:

LONDON—Oil prices rose on Thursday, lifted by expectations that OPEC and its allies will stick to slow output increases despite calls from the United States and large importers for additional supply to cool prices.

Brent crude was up 94 cents, or 1.2 percent, at $82.93 a barrel by 0940 GMT and U.S. West Texas Intermediate crude rose 62 cents, or 0.8 percent, to $81.48.