Oil falls ahead of expected Opec+ output hike

Brent crude futures settled down 50 cents, or 0.7%, at US$68.30 a barrel while US West Texas Intermediate crude was down 50 cents, or 0.75%, at US$66.50 just before 1300 EDT (1700 GMT).

CALGARY: Oil futures slipped slightly in thin holiday trading on Friday, as the market looked ahead to this weekend's Opec+ meeting and the likelihood that member countries will decide to raise output.

Brent crude futures settled down 50 cents, or 0.7%, at US$68.30 a barrel while US West Texas Intermediate crude was down 50 cents, or 0.75%, at US$66.50 just before 1300 EDT (1700 GMT). Trade was sparse due to the US Independence Day holiday.