Oil steadied after a two-day drop as OPEC+ may discuss fast-tracking its latest round of supply hikes when members gather this weekend.
West Texas Intermediate traded near $62 a barrel, after falling more than 5% in the first two days of the week, while Brent closed above $66. 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. Still, OPEC said in a statement that it didn’t have such a plan.