Commodities Oil prices rise as OPEC output cuts seen deeper than previously expected Updated : December 21, 2018 11:31 AM IST Benchmark Brent crude futures were up 27 cents, or 0.5 percent, at $54.62 per barrel at 0448 GMT, after dropping $2.89 in the previous session. Brent is set to drop 9.4 percent for the week. US West Texas Intermediate (WTI) crude futures rose 33 cents, or 0.7 percent, to $46.22 per barrel. WTI is set to decline about 9.5 percent for the week. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.