Oil Prices Rise as Russia Might Reduce Crude Output::(WWW.COMMODITY.GURU)

Oil prices inched up Friday morning in Asia as major producer Russia reportedly agreed on the need to slash output ahead of an OPEC meeting next week in Vienna.

Crude Oil WTI Futures for January delivery rose 0.41% to $51.66 per barrel at 12:04PM ET (04:04 GMT) on the New York Mercantile Exchange, while Brent OilFuture for February delivery edged up 0.57% to $60.25 a barrel on London’s Intercontinental Exchange.

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