Oil Holds Near $74 With Focus Turning to Upcoming OPEC+ Meeting By Bloomberg
(Bloomberg) -- Oil held steady near $74 a barrel at the open in Asia as investors focused on an OPEC+ meeting toward the end of the week that may pave the way for increased supply. Futures in New York were little changed after a fifth weekly gain, while global benchmark Brent traded near its highest level since October 2018. The alliance gathers on Thursday to discuss its production policy for August, with the group expected to revive more halted output. The market has firmed in a bullish structure as the global vaccine rollout boosts demand. Oil...
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