Oil prices jump as OPEC retains monthly output

Crude oil prices reversed their losses on Thursday after the Organisation of Petroleum Exporting Countries (OPEC) agreed to maintain its planned monthly oil output.

OPEC on Wednesday disclosed this at the 47th meeting of the Joint Ministerial Monitoring Committee (JMMC), according to a statement released by the organisation.

Checks by PREMIUM TIMES Thursday morning showed that Brent Crude appreciated 0.17 per cent to $82.98 while WTI was up +0.26 per cent at $76.61.