Crude-oil futures were up by about $2 on a weaker dollar and expectations OPEC members and allied producers will again extend production cuts to support prices when they meet on Thursday.
The Nymex January West Texas Intermediate contract was up by $2.05 to $70.15/bbl on Tuesday and the February WTI contract was $1.90 higher at $69.75/bbl.
The January Brent crude contract was about $1.95 higher at $73.80/bbl and February Brent was up by $1.85 to $73.40/bbl.
The Nymex January RBOB contract was up by 4.8cts to $1.965/gal and February RBOB about 5cts higher at $1.9745/gal. The January ULSD contract added 5.2cts to $2.2295/gal and the February ULSD contract was 5.05cts higher at $2.229/gal.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
-- Reporting by Frank Tang, ftang@opisnet.com; Editing by Jeff Barber, jbarber@opisnet.com
(END) Dow Jones Newswires
12-03-24 1319ET
