Oil Prices Rise As Saudi Arabia Keeps OPEC Members In Check
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Oil prices rose on Thursday in the third day of positive price movements for the commodity, as the market responds favorably to OPEC’s meeting chatter. WTI crude prices rose by more than 2% by 1:00 pm EDT on Thursday, reaching more than $41 per barrel. Brent Crude hit $43.39 by 1:00 pm EDT, a 2.77% jump on the day. The upward price movement is despite actions on the U.S. Gulf Coast as producers start to get back online after a devastating and slow-moving Hurricane Sally. The positive price movement can be attributed largely to OPEC’s…
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