OPEC+
West Texas Intermediate crude futures saw a 0.9 percent decline, reaching $76.69 per barrel
Crude oil WTI futures expiring in March rose 0.5 percent to $78.24 a barrel
The 2026 outlook matches OPEC's long-term view that oil consumption will keep increasing over the next two decades
Crude oil WTI futures expiring in March rose 0.4 percent to $79.01 a barrel
Since October 2022, the organization has cut crude oil production by 5.8 million barrels per day
Brent crude futures for March delivery decreased by 0.5 percent, settling at $75.79 per barrel
West Texas Intermediate crude futures also rose by 0.5 percent to $73.97 a barrel
WTI futures for February delivery also saw a 0.7 percent increase, reaching $71.05 per barrel
This initiative will promote food security, reduce poverty, and improve livelihoods for 130,000 individuals
U.S. West Texas Intermediate crude saw an 8-cent decline, bringing it to $70.52 a barrel
Year-end profit-taking and portfolio rebalancing contributed to the lower trading volumes