Oil prices rise ahead of year's first OPEC+ meeting

One factor driving prices upwards is limited supply from Libya, expected to hit the lowest level in a year after the country closed its largest oil field.

Photo: Jacob Ehrbahn

Oil trades higher Monday ahead of this year's first meeting of the Organization of Petroleum Exporting Countries and its OPEC+ allies.

The cartel will convene Tuesday to discuss February output, reports Bloomberg News.

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