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    HomeNewsBusinessOil rises after OPEC+ meeting maintains current output

    Oil rises after OPEC+ meeting maintains current output

    Brent crude futures climbed 94 cents, or 1.51%, to $63.32 a barrel by 2327 GMT. U.S. West Texas Intermediate crude was at $59.45 a barrel, up 90 cents, or 1.54%.

    Reuters
    December 01, 2025 / 08:12 IST
    Representative image

    Oil prices rose more than 1.5% on Monday after the OPEC+ meeting on Sunday reaffirmed its plan to pause production increases in the first quarter of next year.

    Brent crude futures climbed 94 cents, or 1.51%, to $63.32 a barrel by 2327 GMT. U.S. West Texas Intermediate crude was at $59.45 a barrel, up 90 cents, or 1.54%.

    OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meeting as the group slows its push to regain market share amid fears of a looming supply glut.

    Reuters
    first published: Dec 1, 2025 08:12 am

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