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Oil edges higher before OPEC meeting

Reuters  |  NEW YORK 

By Stephanie KellyNEW YORK (Reuters) - Oil prices inched higher on Wednesday ahead of a meeting of the world's biggest exporters who will discuss cutting output to help shore up prices and curb excess supply.Brent crude futures rose 14 cents to $62.22 a barrel, by 11:56 a.m. EST (1656 GMT). U.S. West Texas Intermediate (WTI) crude futures rose 13 cents to $53.38 a barrel.The Organization of the Petroleum Exporting Countries, Russia and other producers will meet in Vienna this week to discuss a potential cut in production. A monitoring committee of OPEC and its allies, including Russia, agreed ...

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First Published: Wed, December 05 2018. 22:39 IST