U.S. crude futures rise 6% at open

By Syndicated Content Apr 8, 2020 | 5:12 PM

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 rose to a high of $26.61 and was traded up 4.6%, or $1.16, at $26.25 as of 2206 GMT.