Oil prices edge up ahead of upcoming OPEC+ meeting
"The focus is very much on OPEC+," OCBC economist Howie Lee said, referring to OPEC and its allies including Russia. OPEC+ agreed in April to reduce output by an unprecedented 9.7 million barrels per day (bpd) in May and June after the coronavirus pandemic ravaged demand.
Oil prices have come down slightly in our session but they`re still at elevated levels. I suspect that`s the key driver of prices on Friday night and should keep prices reasonably well supported today, Photo: Reuters