Oil steadied after a decline, with traders looking ahead to an OPEC+ meeting on Thursday that’s expected to see the cartel again defer a move to revive output in an already well-supplied market.
Brent crude traded above $72 a barrel after sliding by nearly 2% on Wednesday, with West Texas Intermediate below $69. The Organization of the Petroleum Exporting Countries and its allies are edging closer to agreeing to push back an increase in supply to stave off a glut in 2025.
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