Oil prices rose during today's trading after 8 OPEC Plus countries extended production cuts by 2.2 million barrels per day, with weak demand and increased supply from outside the group, while gold prices stabilized relatively after a new peak recorded last Thursday.

Brent crude futures for the nearest delivery were up $1.18, or 1.61%, at $74.28 a barrel at the time of writing, while U.S. West Texas Intermediate (WTI) crude was down $1.19, or 1.73%, at $70.69.

OPEC Plus, which includes OPEC countries, Russia, and other allies, was scheduled to raise production in December by 180,000 barrels per day.

This means the group will extend its 2.2 million barrels per day cut for........

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