The Latest News Regarding Crude Oil Futures. Posted By https://www.bullionsignals.com/. C/w:-6396479818

Oil slightly higher as OPEC+ awaited, Black Sea storm disrupts supply.

-Oil edged higher on Wednesday as investors turned cautious ahead of a crucial OPEC+ meeting to decide output policy in the coming months, while a supply disruption caused by a storm in the Black Sea provided a lift for prices.

Brent crude futures climbed 3 cents to $81.71 a barrel at 0625 GMT. U.S. West Texas Intermediate (WTI) crude futures gained 17 cents, or 0.2%, at $76.58 a barrel.

Both benchmarks gained about 2% on Tuesday on the possibility the Organization of the Petroleum Exporting Countries and allies such as Russia (OPEC+), will extend or deepen supply cuts, as well as concerns over Kazakh oil output and a weaker U.S. dollar.

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