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Oil steadies ahead of key OPEC meeting

Reuters  |  LONDON 

By Christopher JohnsonLONDON (Reuters) - Oil prices steadied on Thursday, but still faced pressure from evidence of rising U.S. output and uncertainty over the outlook for supply before a meeting next week of the world's largest exporters.Benchmark Brent crude oil was up 10 cents at $76.84 a barrel by 1320 GMT, while U.S. light crude was 45 cents higher at $67.09.Brent hit a high of $80 a barrel in May but has since drifted lower, indicating investors expect the market to become better supplied in the next few months as U.S. crude production rises and as key Middle East exporters and Russia ...

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First Published: Thu, June 14 2018. 19:12 IST
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