Oil prices edged higher in early Thursday trading, recovering slightly after a nearly 2% drop in the previous session. Investors are weighing the potential impact of a possible production increase by OPEC+ amid mixed signals from the White House regarding tariffs and ongoing nuclear talks between the United States and Iran.
اضافة اعلان
As of 00:38 GMT:
Brent crude futures rose by 6 cents, or 0.09%, to $66.18 per barrel.
West Texas Intermediate (WTI) crude gained 7 cents, or 0.11%, to $62.34 per barrel.
The previous session's 2% drop followed a Reuters report citing three informed sources that several OPEC+ members are likely to propose accelerating oil production increases for a second consecutive month in June.
Production quota compliance has previously been a contentious issue within the group.
Prices received some support from signs that the U.S. and China may be nearing new trade talks, offering a glimmer of optimism for global economic stability.
(Source: Reuters)
