Energy Markets
Oil prices steady after a 2% decline on OPEC+ production increase
Oil prices rose on Thursday, after falling by nearly 2% the previous day. Investors weighed a possible OPEC+ production increase against contradictory tariff signals from White House as well as ongoing U.S. Iran nuclear talks. Brent crude futures gained 8 cents or 0.12% to $66.20 a bar by 0505 GMT. U.S. West Texas Intermediate crude rose 9 cents or 0.14% to $62.36 a bar. The previous trading session saw prices drop by 2% after it was reported that several OPEC+ member countries would suggest to the group to increase oil production for a second consecutive month in June. This information...