Oil Rises on Short Covering Ahead of Opec Meeting

摘要

Crude futures rose by more than $1 Thursday as traders who expect Opec to hold its production steady bought futures contracts to hedge against the possibility of a surprise cut at the group's meeting on Friday. A strengthening of the euro against the dollar also lent support to crude. In London, Brent crude futures gained $1.35 to settle at $43.84 per barrel. In New York, the Nymex WTI futures contract gained $1.14 to settle at $41.08.