Oil Steady Above $41 Amid Signs OPEC+ Edging Toward Keeping Cuts

(Bloomberg) — Oil was steady above $41 a barrel in New York as OPEC+ appeared to be closing in on an agreement to delay a planned easing of production cuts from the start of next year.The producer group is considering keeping additional supply off the market for three to six months, according to several delegates, asking not to be identified because the talks are private. OPEC+ meets at the end of the month to discuss its output policy and the alliance, led by Saudi Arabia and Russia, has already indicated it might need to defer the planned crude production increase.Expectations …read more

Source:: Yahoo Finance

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