Oil prices rose by around 1% on Tuesday as OPEC+ delayed plans to increase production in December.

Brent rose 35 cents, or 0.5%, to $75.43 per barrel at 13:15 EST (18:15 GMT), while American West Texas Intermediate (WTI) crude gained 37 cents, or 0.5%, to $71.84. The US presidential race between former Republican President Donald Trump and Democratic Vice President Kamala Harris rushed to an uncertain end on Tuesday as millions of Americans went to the polls. Oil prices were supported by the announcement on Sunday by the Organization of Petroleum Exporting Countries (OPEC) and their allies, a group known as OPEC+, to postpone an increase in production compared to December by a month, as weak demand and rising non-OPEC supply depress markets