IANS | 22 Oct, 2017
Oil prices climbed
on Tuesday as investors were awaiting the closely-watched OPEC (Organisation of
the Petroleum Exporting Countries) meeting next week, a media report said.
OPEC and other key oil producers will meet on November 30 to discuss whether to
extend the current price-supporting curbs on crude output, Xinhua news agency
reported.
In a bid to end a global oversupply, the group has been restraining output
since the start of this year.
It is expected that the agreement will be extended to cover the next year.
Meanwhile, a weak dollar boosted market sentiment for the dollar-priced oil.
The dollar index, which measures the greenback against six major peers, was
down 0.14 per cent at 93.92 in late trading.