Oil prices changed slightly on Tuesday as investors adopted a wait-and-see attitude ahead of a meeting of OPEC and its allies (OPEC +) which is expected to reach a decision to further boost production.
OPEC + is meeting on Wednesday with analysts awaiting a decision to extend gradual output growth until March as the global economy continues to recover from the coronavirus crisis.
Against this background, March crude for March delivery rose 0.1% to $ 88.20 a barrel on the New York Mercantile Exchange. This is the highest closing since October 2014.
Brent crude for April delivery fell 10 cents, or 0.1 percent, to $ 89.16 a barrel on the ICE Futures exchange.
OPEC + has so far continued to increase production gradually, by 400,000 barrels per day each month, although large consumers such as the United States have called on the Agency to further increase supply.
Source: Capital
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