Oil prices climb as OPEC+ reassures markets, ECB cuts interest rate



On Friday, oil prices continued their upward trajectory, spurred by signals from OPEC+ members Saudi Arabia and Russia suggesting a willingness to halt or even reverse output agreements. Additionally, an interest rate cut in Europe fueled speculation of a similar move in the U.S.

Brent crude futures climbed by 16 cents, reaching $80.03 per barrel, while U.S. West Texas Intermediate crude futures also increased by 16 cents, reaching $75.71, as of 0007 GMT.