# Oil Prices Rise On Demand Hopes Ahead Of Crucial OPEC+ Meet

> Oil prices rose on Wednesday on demand hopes and lower U.S. crude stockpiles, with Brent near $75.39 and WTI near $74.07. OPEC+ was slated to meet Thursday to decide on output levels, with Saudi Arabia favoring a gradual increase and Russia favoring a faster one.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/46758-oil-prices-rise-on-demand-hopes-ahead-of-crucial-opec-meet
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of a measured OPEC+ output increase amid recovering demand keep crude near multi-year highs, supporting energy and transport costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- db.forbesmiddleeast.com: https://db.forbesmiddleeast.com/industry/energy/oil-rises-on-demand-hopes-opec-meet-to-decide-on-output-levels

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.