Oil Prices Steady Amid OPEC+ Output Increase Expectations

Reported 1 day ago

Oil prices remained stable as expectations rise for an output increase from OPEC+ at an upcoming meeting. Brent crude was up slightly to $64.85 a barrel, while WTI rose to $61.59. The group is anticipated to finalize a production increase of 411,000 barrels per day. Despite potential concerns about U.S.-European Union trade talks, oil supply dynamics and geopolitical factors, including Iran's situation, continue to influence market sentiment.

Source: YAHOO

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