OPEC+ to keep oil output policy steady on Wednesday, source says

Oil Gains as OPEC+ Leaves Current Output Policy Unchanged

By Adedapo Adesanya Oil was up by more than 1 per cent on Wednesday on supply concerns as the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) agreed to leave their output policy unchanged. Brent crude futures gained 81 cents or 1.26 per cent to sell for $64.90 a barrel while the US West Texas

Crude prices rose more than 1% on Wednesday, in the face of concerns about the offer after OPEC+ agreed to keep its production policy unchanged and after the U.S. ban imposed on Chevron to export oil from Venezuela. Investors had anticipated that OPEC+ members would agree to an increase in production this week. Brent's futures won 81 cents, or 1.26%, to $64.9 a barrel, and West Texas Intermediate in the U.S. advanced 95 cents, or 1.56%, to $61.8…

OPEC+ to keep oil output policy steady on Wednesday, source says

A separate meeting on Saturday of eight OPEC+ countries is expected to decide on an increase in oil output for July, sources earlier told Reuters