Oil Inches Up, All Eyes on OPEC+ Meeting Outcome

Oil Inches Up, All Eyes on OPEC+ Meeting Outcome
A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang Province, China, on May 16, 2017. Stringer/Reuters
Reuters
Updated:
0:00

LONDON—Oil prices were little changed on Thursday as investors eagerly awaited the outcome of an anticipated OPEC+ meeting that could lead to deeper supply cuts in 2024.

Brent crude futures for January climbed 70 cents to $83.80 a barrel by 0935 GMT, on subdued volumes given the contract is meant to expire today. The more active February contract was up 58 cents at $83.46 a barrel.