Global oil prices are rising Wednesday morning, trading data show. Markets are waiting for Sunday's OPEC+ meeting.
The price of February futures on Brent crude oil rose 0.61% to $84.75 a barrel, while January futures on WTI oil rose 0.63% to $78.69.
OPEC+ is scheduled to meet on Dec. 4. Markets are assessing the probability of a new reduction in oil production amid supply and demand risks.