Oil prices rose on Friday, with investors awaiting a meeting between major oil producers as soon as this weekend to discuss whether to extend record production cuts. OPEC+ will meet Saturday, according to Algeria’s Ennahar TV channel, citing an OPEC source. Meanwhile, Reuters reported that the meeting had been expected to take place on June 4th, but was delayed amid talk about poor compliance with commitments to cut supply by some producers. At around 04:45 AM GMT, Brent crude increased 0.5% to $40.20 a barrel, while US WTI was up 0.2% to $37.48 a barrel. Brent has risen about 14% this week, on track for a sixth week of gains. For the week, WTI advanced by almost 6%.