World oil prices up on eve of non-OPEC meeting
Baku, Azerbaijan, Dec.9
By Leman Zeynalova – Trend:
World oil prices are rising on Dec.9 ahead of the meeting of OPEC and non-OPEC countries to be held Dec.10 in Vienna.
The price of February futures for Brent crude oil rose by 0.41 percent and stood at $54.11 per barrel as of 01:16 EST. This is while the price of January futures for West Texas Intermediate (WTI) oil increased by 0.73 percent to $51.21 per barrel.
OPEC has invited 14 non-OPEC countries to the meeting in Vienna. The invited countries are Russia, Mexico, Oman, Kazakhstan, Bahrain, Colombia, Congo, Egypt, Trinidad and Tobago, Turkmenistan, Azerbaijan, Bolivia, Brunei, Uzbekistan.
Only Azerbaijan, Kazakhstan, Oman, Mexico and Russia have agreed so far to meet the group on Dec.10 for talks aimed at widening a deal to reduce output.