Crude settles higher on OPEC+ expectations, weaker dollar
27.11.2020
MOSCOW (MRC) -- Oil futures settled higher Nov. 25 as the US dollar tested multi-year lows and the market increasingly priced in an extension of the OPEC+ production quota into next year, according to S&P Global.NYMEX January WTI settled 80 cents higher at USD45.71/b and ICE January Brent was up 75 cents at USD48.61/b.Oil prices saw a boost from a continued slide in the US dollar. The fr