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Oil edges up, but bulls remain wary ahead of OPEC meeting

Reuters  |  LONDON 

By Amanda CooperLONDON (Reuters) - Oil prices rose for a second day on Tuesday and volatility subsided to its lowest in three weeks, as investors prepared for a key meeting of the OPEC producer group next week.Crude remained in a tight trading range, in line with the broader financial markets, which were largely unruffled by a U.S.-North Korea summit aimed at denuclearisation of the Korean peninsula. Brent crude futures were up 17 cents at $76.63 a barrel by 0855 GMT, while U.S. West Texas Intermediate crude futures rose 11 cents to $66.21."The market has been rangebound for two weeks and ...

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First Published: Tue, June 12 2018. 14:54 IST