Holding steady: A general view of Equinor’s Johan Sverdrup oilfield platforms in the North Sea, Norway. Oil is holding around current levels after briefly dropping below US$40 a barrel earlier this month with rising infections raising concerns about a sustained recovery in consumption.— Reuters
NEW YORK: Oil was steady near US$41 a barrel in New York before an Opec+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus.
The Joint Ministerial Monitoring Committee, which typically reviews compliance to the group’s pledged output cuts, was to meet online yesterday.
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