# Oil futures edge up on talk of further OPEC+ supply curbs

> Oil futures rose about 1% on hints that OPEC and its allies could deepen output cuts at their meeting that week, with sources suggesting an additional 400,000 barrels per day or more. Rising Chinese manufacturing activity also pointed to stronger demand. Brent for February delivery rose to $60.92 and WTI gained to $55.96.

- Date: 2019-12-01 · published 2019-12-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/55742-oil-futures-edge-up-on-talk-of-further-opec-supply-curbs
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected deeper OPEC+ cuts and firmer demand from China tighten crude supply, raising energy and biofuel input costs for feed and oilseed supply chains.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- streetinsider.com: https://www.streetinsider.com/Commodities/Oil+futures+edge+up+on+talk+of+further+OPEC%2B+supply+curbs/16195838.html

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