Oil Set for Weekly Gain as OPEC+ Considers Output Cut

Oil Set for Weekly Gain as OPEC+ Considers Output Cut
A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture on April 14, 2020. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

LONDON—Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5.

Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07 percent, to $89.44 a barrel by 0948 GMT. The more active December contract was up 81 cents at $87.99.