Oil edges down as potential higher OPEC+ output eyed
(Reuters) -Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Brent crude futures shed 12 cents, or 0.19%, to $64.62 a barrel by 0022 GMT, while U.S. West Texas Intermediate crude was down 15 cents, or 0.24%, at $61.38 a barrel. "Crude oil edged lower as the market contemplated the outlook for rising OPEC supply," Daniel Hynes, senior commodity strategist at ANZ, said in a note.
Reuters
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