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2/14, 9:12 PM (Source: TeleTrader)
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OPEC+ near abandoning idea of urgent meeting - report

The Organization of the Petroleum Exporting Countries and its allies are close to abandoning the idea of the urgent meeting in February and instead of that holding it in March as scheduled, according to delegates cited by Bloomberg.

On the other hand, the delegates revealed that Saudi Arabia may still insist on the OPEC+ emergency meeting this month, the possibility which was also announced by Russian Energy Minister Alexander Novak last week.

West Texas Intermediate for settlement in March added 0.89% at 2:48 pm ET, going for $51.96 per barrel of crude. At the same time, Brent futures for April delivery gained 1.36% to go for $57.23 per barrel.

Breaking the News / ND