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Oil prices rebounded in today's session with Brent Crude trading +0.94% at USD78.22 a barrel, being positive for the first time in a week and WTI Crude gained +0.23% trading at USD74.38 as the OPEC will be more likely to cut production as a consequence of the low prices trading at four-year lows. The OPEC with its 12 member countries responsible for 40% of world's oil production is scheduled to meet in Vienna on November 27 to discuss 2015 production target. A weakening global demand has weighed over oil prices for the last months.
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