Oil is up to a series of three -day losses

Oil prices rose today, Thursday, ending a series of losses that lasted for three consecutive days to recover from their lowest levels in 16 weeks, but expectations to increase the supply of “OPEC+” next month have limited the gains.

Brent crude futures rose 15 cents, or 0.2 percent, to $ 65.50 a barrel.

West Texas, the American mediator, increased 14 cents, or 0.2 percent, to $ 61.92 a barrel.

Sources reported that the “OPEC+” coalition may agree to increase oil production by up to 500 thousand barrels per day in November, three times the increase in October.

The Energy Information Administration said yesterday, Wednesday, that crude oil stocks, gasoline and distillation products in the United States increased last week with the decline in refining and demand.

Crude oil stocks increased 1.8 million barrels to 416.5 million barrels in the week ending September 26, compared to analysts expectations of an increase of one million barrels.