![Oil prices & turn of events in OPEC, North Sea](https://cdn.energydais.com/media/images/news/421_cPO3g5U.jpg)
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Oil prices gained some hike on Wednesday. This increase has taken place before the OPEC meeting of next week where the chances and expectation of supply cut are high. WTI have increased by 0.6% and were trade at $51.88 per barrel whereas, Brent crude has climbed up by 0.7% and were traded at $60.65 per barrel. The meeting of OPEC will be held at its headquarters in Vienna on December 6.