Oil steady before OPEC+ talks on supply amid economic recovery

Topics Crude Oil Price | OPEC


Oil prices held steady on Tuesday before this week's OPEC+ meeting, with producers expected to ease supply curbs as economies start to recover from the coronavirus crisis.   OPEC Secretary General Mohammad Barkindo said the outlook for oil demand was looking more positive, particularly in Asia.   Brent futures rose 2 cents to $63.71 a barrel by 10:48 a.m. EST (1548 GMT).

U.S. West Texas Intermediate (WTI) crude rose 7 cents, or 0.1%, to $60.71.   During the session, both Brent and WTI fell over $1 a barrel.

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