Oil steadied after a two-day drop, as traders weighed the possibility that OPEC+ may discuss fast-tracking a next round of hikes.
Brent for December traded near $66 a barrel, after that contract fell almost 5% in the first two days of the week, while West Texas Intermediate was below $63. This weekend, the alliance is slated to discuss potentially lifting output in three monthly installments of 500,000 barrels a day to recoup market share, a delegate said. However, OPEC said it didn’t have such a plan.