Oil prices rose nearly 1% on Thursday, amid a larger-than-expected drawdown in US inventories and OPEC+ delaying an output increase.Brent crude futures rose 89 cents, or 1.2%, to $73.59 a barrel, while US West Texas Intermediate (WTI) crude futures rose 94 cents, or 1.4%, to $70.14 a barrel.The US Energy Information Administration said earlier Thursday that US crude oil inventories fell by 6.9 million barrels during the past week, while the Organization of the Petroleum Exporting Countries (OPEC) said in a statement that eight countries in the OPEC+ alliance agreed to extend voluntary production cuts for two months until the end of next November.Source: Qatar News Agency
Home » Oil Prices Rise 1% As OPEC+ Delays Output Increase
Oil Prices Rise 1% As OPEC+ Delays Output Increase
UN and League of Arab States Discuss Economic Governance in Libya
September 15, 2026
Education Minister Engages Teachers’ Unions in Resolving Sector Challenges
September 15, 2026
High Council of State Focuses on Strengthening Ties with Chad
September 15, 2026
Al-Dbeibah Calls for Unified Mechanism to Manage Medicine Distribution
September 15, 2026