Oil price edges higher after OPEC+ keeps to steady supply bump

Brent crude ended settling up 31 cents to US$89.47 a barrel, while U.S. West Texas Intermediate crude gained 6 cents to $88.26 a barrel.(File pic shows oil storage at Cushing Oklahoma. - Reuters)

NEW YORK: Oil prices edged up on Wednesday after OPEC+ stuck to planned moderate output increases despite pressure from top consumers to raise output more quickly.

Brent crude ended settling up 31 cents to US$89.47 a barrel, while U.S. West Texas Intermediate crude gained 6 cents to $88.26 a barrel.