Oil Rises, Brent Tops $80 Ahead of OPEC+ Meeting

A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, on June 4, 2023. Alexander Manzyuk/Reuters

LONDON—Oil prices rose on Tuesday by a storm-related drop in Kazakh oil output to send the Brent benchmark above $80 a barrel.

OPEC+, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, is due to hold an online ministerial meeting on Thursday to discuss production targets for 2024.