(Bloomberg) — Oil edged down in Asia ahead of a meeting of top producers this week, which could outline plans to begin scaling back the historic output cuts that helped to stabilize prices.Futures in New York slipped 1%, after gaining 2.4% on Friday. OPEC+ will review the state of the market at an online meeting of its minister-level monitoring committee on July 15, amid expectations it will soon begin unwinding output curbs. Russia’s top oil companies are preparing to increase production next month in the absence of other guidance from the Energy Ministry, according to two people from the industry …read more
Source:: Yahoo Finance
