After rising more than 2% the previous day as OPEC+ postponed plans to increase production in December, oil prices moved in a narrow range on Tuesday amid what is predicted to be an unusually close US presidential election.
U.S. West Texas Intermediate crude added 13 cents, or 0.18%, to $71.6 a barrel, while Brent crude added 14 cents, or 0.19%, to $75.22 a barrel.
The Organization of the Petroleum Exporting Countries and their allies, OPEC+, announced on Sunday that they will delay production hikes for a month from December, amid sluggish demand and increased non-OPEC supply in declining markets. The move helped support oil prices
According to current polls, the US presidential election is expected to be hotly contested,
