OREANDA-NEWS On Thursday, November 30, world oil prices went up amid traders' expectations of the outcome of the OPEC+ ministerial meeting. The price of January Brent futures increased to $84.06 per barrel.

Brent reached this value by 14:12 Moscow time, according to data from the London ICE exchange. The price increase was 1.16 percent. At the same time, the cost of February futures increased to $83.9 per barrel.

Futures for WTI crude oil for January delivery on the NYMEX exchange by the same time added almost 1.5 percent, amounting to $ 79.01 per barrel.

According to two Reuters sources, OPEC+ has previously agreed on a new reduction in oil production by more than 1 million barrels per day. Representatives of the alliance expect to reduce the volume of oil production from the first quarter of next year.

Earlier it became known that OPEC+ participants are also discussing the possibility of reducing oil production by 2 million barrels per day. According to insiders, Nigeria and Angola are against this state of affairs. The UAE is not too interested in reducing the indicators, and Saudi Arabia is the initiator of reducing the production of raw materials. According to Goldman Sachs analysts, the decline in oil production will be gradual, and will amount to 0.5-1 million barrels per day in January-March 2024.