Oil Prices: WTI Rises Amid OPEC+ Talks Expectations

West Texas Intermediate (WTI) crude oil rose by 0.60% to $59 per barrel. Investors are monitoring Russian-Ukrainian peace talks and awaiting the OPEC+ meeting results to assess how potential supply changes will affect oil prices. Brent futures remained nearly unchanged.

West Texas Intermediate (WTI) crude oil rose by 35 cents, or 0.60%, to $59 per barrel. There was little change in Brent crude futures on Friday as investors monitor progress in Russian-Ukrainian peace talks and await the outcome of the OPEC+ meeting next Sunday for potential supply changes affecting prices. The most actively traded February contracts fell to $62.85. US crude was not traded on Thursday, and Brent crude futures for the nearest expiration remained flat at $63.34 per barrel at 01:34 GMT in thin trading after rising 21 cents at settlement on Thursday.

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