U.S. crude futures rise 6% at open

Canada

FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. Picture taken August 21, 2019. REUTERS/Jessica Lutz/File Photo

MELBOURNE (Reuters) – U.S. crude futures rose as much as 6% in early trade on Thursday ahead of a crucial meeting between the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia – a group known as OPEC+.

U.S. West Texas Intermediate (WTI) crude CLc1 rose to a high of $26.61 and was traded up 4.6%, or $1.16, at $26.25 as of 2206 GMT.

Reporting by Sonali Paul; Editing by Sandra Maler

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