Oil futures rise on OPEC+ supply cut expectations
Summary: Oil futures rose on expectations of OPEC+ deepening supply cuts. Brent crude reached $80.72 a barrel, up 0.1%, while U.S. West Texas Intermediate crude was at $75.97 a barrel, up 8 cents. OPEC+ may consider additional cuts at their Nov. 26 meeting. Goldman Sachs analysts suggest deeper cuts due to falling speculative positioning and higher inventories. WTI prices may rise to $80, but a drop below $72 could prompt U.S. Strategic Petroleum Reserve refilling.
This is article metrics. Combined, they form a significance score, that indicates how important the news is on a scale from 0 to 10.
My algorithm scores 10,000 news articles daily, and creates a single significance-ordered list of news.
Read more about how I calculate significance, or see today's top ranked news on the main page:
See today's news rankings