Oil Prices Climb On An Optimistic Outlook From OPEC+

Oil reversed earlier losses to rise on Tuesday morning after OPEC+ expressed optimism that the market looks “significantly improved,” while major importer India called on the group once again to ease the cuts and stop the price rally, which threatens demand recovery from price-sensitive buyers. As of 9:36 a.m. on Tuesday, WTI Crude prices were up by 0.77 percent at $73.47 and Brent Crude was up 0.70 percent trading at $75.17. The market reacted today to the bullish outlook from OPEC+, which began its meetings this week with a review…