The Traderszone Network

Published in TZ Latest News 30 November, 2015 by The TZ Newswire Staff

Oil rises, traders take positions ahead of OPEC meeting

Oil prices rose on Monday as investors took positions ahead of an OPEC meeting this week despite expectations that the producer group will not change its output policy. Preparing for Friday’s the Organization of the Petroleum Exporting Countries (OPEC) policy decision, oil traders strengthened their positions to prepare for any unexpected outcomes. “We see a lot of positioning ahead of the OPEC meeting at the end of the week.