U.S. West Texas Intermediate and international-benchmark Brent crude oil futures edged higher on Friday on expectations that OPEC and its allies will discuss production cuts at its monthly meeting on September 5. Gains were capped, however, on concerns over China’s COVID-19 curbs and weakness in the global economy tied to rising interest rates. On Friday, October WTI crude oil settled at $86.87, up $0.26 or +0.30% and December Brent crude oil finished at $91.81, up $0.49 or +0.54%. Additionally, the United States Oil Fund ETF (USO) closed at $71.44, up $0.49 or +0.69%. OPEC+ To Weigh Rollover or Cut at Sept. 5 ... (full story)