# Oil up, trade choppy as OPEC makes last-ditch bid to save deal

> Oil prices rose more than 2 percent on Monday in volatile trading, with WTI settling at $47.08 and Brent at $48.24 per barrel. Gains faded after reports that OPEC experts had not agreed on the details of the planned output cut.

- Date: 2016-11-28 · published 2016-11-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/74025-oil-up-trade-choppy-as-opec-makes-last-ditch-bid-to-save-deal
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Prices are being driven by uncertainty over whether OPEC will finalize its cut, so the outlook depends on the Wednesday meeting rather than on current supply and demand. Traders will react to any firm agreement or breakdown.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/idUSKBN13N01J/

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