Oil Prices Rise as OPEC+ Prepares to Extend Production Cuts

Oil prices were moving higher early on Tuesday morning ahead of the latest OPEC+ meeting as members of the group aligned behind plans to extend production cuts into 2025.- US President-elect Donald Trump threatened to slap a 100% tariff on BRICS if the respective countries decide to create a new currency alternative to the dollar, promising to block them from the ’wonderful US economy’.- China has already been trading Iranian crude in Chinese yuan, whilst Brazil’s President Lula da Silva proposed creating a common currency in…