Oil steadies on potential Opec+ August output hike
Brent crude futures settled at US$67.77 a barrel, up 4 cents, or 0.1%. US West Texas Intermediate crude finished up 28 cents, or 0.4%, at US$65.52 a barrel.
HOUSTON: Oil prices edged up slightly on Friday, recovering from a midday drop into negative territory following a report that Opec+ was planning to hike production in August, but tumbled about 12% in the week in their biggest drop since March 2023.
Brent crude futures settled at US$67.77 a barrel, up 4 cents, or 0.1%. US West Texas Intermediate crude finished up 28 cents, or 0.4%, at US$65.52 a barrel.
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