Oil Prices On Track For A Third Weekly Gain

U.S. West Texas Intermediate crude oil futures are trading flat but remained on track to record their third consecutive weekly rise. The catalysts behind the gains were speculation that OPEC and its allies will keep production in check, and optimism over successful COVID-19 vaccine trials. Helping to keep a lid on gains was the spread of the virus. OPEC+ Holds Ministerial Committee Meeting An OPEC+ ministerial committee held a meeting earlier in the week designed to look at adjusting plans for oil supply cuts next year as the coronavirus pandemic…