diff --git a/CHANGELOG.md b/CHANGELOG.md
index 79f16ad..9f258dd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 ## Unreleased
 
+## 1.12.0
+
+- Add support for OTEL_METRIC_EXPORT_INTERVAL
+- Updated dependencies to 1.16.0 & 0.37b0
+
 ## 1.11.0
 
 - Add support for LS_METRICS_ENABLED
diff --git a/noxfile.py b/noxfile.py
index 8f6df49..5e7843c 100644
--- a/noxfile.py
+++ b/noxfile.py
@@ -38,7 +38,7 @@ def coverage(session):
     )
 
 
-@session(python=["3.7"], reuse_venv=True)
+@session(python=["3.9"], reuse_venv=True)
 def example(session):
     session.install(".")
     session.install("-r", "requirements-test.txt")
diff --git a/requirements-test.txt b/requirements-test.txt
index 54f5f9b..6cb5bb0 100644
--- a/requirements-test.txt
+++ b/requirements-test.txt
@@ -1,13 +1,13 @@
-opentelemetry-api==1.14.0
-opentelemetry-exporter-otlp==1.14.0
-opentelemetry-instrumentation==0.35b0
-opentelemetry-instrumentation-flask==0.35b0
-opentelemetry-instrumentation-requests==0.35b0
-opentelemetry-instrumentation-wsgi==0.35b0
-opentelemetry-propagator-b3==1.14.0
-opentelemetry-proto==1.14.0
-opentelemetry-sdk==1.14.0
-opentelemetry-util-http==0.35b0
-opentelemetry-propagator-ot-trace==0.35b0
+opentelemetry-api==1.16.0
+opentelemetry-exporter-otlp==1.16.0
+opentelemetry-instrumentation==0.37b0
+opentelemetry-instrumentation-flask==0.37b0
+opentelemetry-instrumentation-requests==0.37b0
+opentelemetry-instrumentation-wsgi==0.37b0
+opentelemetry-propagator-b3==1.16.0
+opentelemetry-proto==1.16.0
+opentelemetry-sdk==1.16.0
+opentelemetry-util-http==0.37b0
+opentelemetry-propagator-ot-trace==0.37b0
 pytest
 flask
diff --git a/setup.cfg b/setup.cfg
index 279b96a..27015f9 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -39,11 +39,11 @@ package_dir=
 packages=find_namespace:
 install_requires =
     environs >= 8.0.0
-    opentelemetry-api == 1.14.0
-    opentelemetry-sdk == 1.14.0
-    opentelemetry-exporter-otlp == 1.14.0
-    opentelemetry-propagator-b3 == 1.14.0
-    opentelemetry-instrumentation == 0.35b0
+    opentelemetry-api == 1.16.0
+    opentelemetry-sdk == 1.16.0
+    opentelemetry-exporter-otlp == 1.16.0
+    opentelemetry-propagator-b3 == 1.16.0
+    opentelemetry-instrumentation == 0.37b0
 
 [options.extras_require]
 test =
diff --git a/src/opentelemetry/launcher/configuration.py b/src/opentelemetry/launcher/configuration.py
index b938371..4398014 100644
--- a/src/opentelemetry/launcher/configuration.py
+++ b/src/opentelemetry/launcher/configuration.py
@@ -253,7 +253,6 @@ def configure_opentelemetry(
     log_level = log_level.upper()
 
     if log_level not in log_levels:
-
         message = (
             f"Invalid configuration: invalid log_level value. "
             f"It must be one of {', '.join(log_levels.keys())}"
@@ -268,7 +267,6 @@ def configure_opentelemetry(
     _logger.debug("configuration")
 
     if not _validate_service_name(service_name):
-
         message = (
             "Invalid configuration: service name missing. "
             "Set environment variable OTEL_SERVICE_NAME"
@@ -316,7 +314,6 @@ def configure_opentelemetry(
     propagator_instances = []
 
     for propagator in propagators:
-
         try:
             propagator_instance = next(
                 iter_entry_points("opentelemetry_propagator", name=propagator),
@@ -359,7 +356,6 @@ def configure_opentelemetry(
     if _ATTRIBUTE_HOST_NAME not in resource_attributes.keys() or not (
         resource_attributes[_ATTRIBUTE_HOST_NAME]
     ):
-
         no_hostname_message = (
             "set it with the environment variable OTEL_RESOURCE_ATTRIBUTES or "
             'with the resource_attributes argument. Use "host.name" as key '
@@ -380,7 +376,6 @@ def configure_opentelemetry(
     tracer_provider = get_tracer_provider()
 
     if isinstance(tracer_provider, TracerProvider):
-
         # FIXME: Accessing a private attribute here because resource is no
         # longer settable since:
         # https://github.com/open-telemetry/opentelemetry-python/pull/1652
@@ -433,7 +428,6 @@ def configure_opentelemetry(
         )
 
     if metrics_enabled:
-
         _logger.debug("configuring metrics")
 
         logged_attributes[
@@ -441,7 +435,6 @@ def configure_opentelemetry(
         ] = metrics_exporter_endpoint
 
         if metrics_exporter_temporality_preference == "DELTA":
-
             instrument_class_temporality = {
                 Counter: AggregationTemporality.DELTA,
                 UpDownCounter: AggregationTemporality.CUMULATIVE,
@@ -452,7 +445,6 @@ def configure_opentelemetry(
             }
 
         elif metrics_exporter_temporality_preference == "CUMULATIVE":
-
             instrument_class_temporality = {
                 Counter: AggregationTemporality.CUMULATIVE,
                 UpDownCounter: AggregationTemporality.CUMULATIVE,
@@ -463,7 +455,6 @@ def configure_opentelemetry(
             }
 
         else:
-
             message = (
                 f"Invalid configuration: "
                 f"invalid metrics_exporter_temporality_preference: "
diff --git a/src/opentelemetry/launcher/version.py b/src/opentelemetry/launcher/version.py
index 9609ab6..358a935 100644
--- a/src/opentelemetry/launcher/version.py
+++ b/src/opentelemetry/launcher/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.11.0"
+__version__ = "1.12.0"