OPEC+ weighs extending 9.7 million bpd output cut

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Oil price rises nearly 3%
Oil price rises nearly 3%

KONTAN.CO.ID - NEW YORK. Oil prices were up about US$ 1 a barrel on Tuesday on expectations that major producers will agree to extend output cuts during a video conference likely to be held this week and as countries and U.S. states begin to restart after coronavirus lockdowns.

Tuesday (2/6), 23.15 WIB, Brent crude rose 2.7%, or US$ 1.04, to US$ 39.36 a barrel. U.S. West Texas Intermediate crude (WTI) climbed 2.5%, or 87 cents, to US$ 36.31 a barrel.

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