Oil held steady as trading thinned during the US Thanksgiving holiday, with the market looking ahead to an upcoming OPEC+ meeting that has been delayed until Dec. 5.
West Texas Intermediate was little changed below $69 a barrel in a choppy session, while global benchmark Brent traded above $73. OPEC+ is widely expected to once again delay restoring production when it next meets, to offset concerns about an anticipated glut next year.
The meeting, originally scheduled for Sunday, has been pushed back by four days. The group had started talks earlier in the week on delaying an increase to supply.
Oil has been caught in a tight range since mid-October, with prices buffeted by geopolitical risks in the Middle East and
WTI rose 0.2% to $68.88 a barrel at 2:29 p.m. in New York. Brent was up 0.6% to $73.28 a barrel as of 1:30 p.m.(Cay) Newsmaker.id
Source: Bloomberg
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