Oil steady as OPEC+ seeks to break impasse over supply


  • Energy
  • Monday, 05 Jul 2021

TOKYO: Oil prices were steady on Monday with investors and traders awaiting crucial talks by OPEC+ following disagreement over output within the group that could lead to major producers pumping up volumes to grab market share.

Brent crude was up 4 cents at $76.21 a barrel by 0558 GMT, after falling 1 cent last week, the first weekly decline in six. U.S. oil also gained 4 cents, trading at $75.20 a barrel, having risen 1.5% last week, the sixth consecutive week of gains for the contract.

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Brent , WTI , Opec+

   

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