Oil steadies; OPEC+ sticks to gradual output hikes

Brent crude fell 4 cents to settle at US$71.59 a barrel. U.S. West Texas Intermediate (WTI) crude rose 9 cents to settle at $68.59 a barrel. Brent had plumbed a session low of $70.42 a barrel, while WTI fell as low as $67.12 a barrel. 9File pic: Opec logo)

NEW YORK: Oil prices steadied on Wednesday after OPEC and its allies agreed to stick to their existing policy of gradual oil output increases.

Brent crude fell 4 cents to settle at US$71.59 a barrel. U.S. West Texas Intermediate (WTI) crude rose 9 cents to settle at $68.59 a barrel.