(ANSA) - MILAN, OCTOBER 03 - The price of oil is on the rise as seen from next Wednesday's OPEC + meeting.
The cartel of producing countries, Bloomberg reports, is evaluating a production cut of more than one million barrels per day, the largest since the outbreak of the Covid pandemic, in order to support prices and reflect the expected slowdown in the economy due to the current tight money.
The decision, as reported by some delegates, will only be taken in Vienna on Wednesday, where Opec + returns to meet in attendance for the first time in two years.
The WTI jumped 3.6% to 82.34 dollars a barrel while the Brent increased 3.4 to 88.06.
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