Oil edges up before producer talks on output curbs

Crude futures inched up on Wednesday, with investors waiting for talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market. Brent crude was up 9 cents at $52.50 a barrel at 0012 GMT. It fell 73 cents, or 1.4 per cent, to close at $52.41 a barrel on Tuesday, retreating from a one-year high of $53.

73 hit on Monday. US West Texas Intermediate (WTI) crude had gained 3 cents to $50.82 a barrel. It dropped 56 cents, or 1 per cent, to settle the previous session at $50.79. Oil.

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