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Oil Mixed, Moves Small as Saudi-UAE Production Dispute Continues

Oil was mixed Wednesday morning in Asia, but remained above the $73 mark, as a production dispute between Saudi Arabia and the United Arab Emirates (UAE) continues. The dispute has stalled efforts by the Organization of the Petroleum Exporting Countries and allies (OPEC+) to raise production as the fuel demand outlook brightens.

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Oil Down, Investors Await Crucial OPEC+ Meeting

Oil was down Monday morning in Asia, with investors on tenterhooks ahead of a crucial Organization of the Petroleum Exporting Countries (OPEC) and allies (OPEC+) meeting later in the day.

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Oil Retains Gains, Hovers Around $75 After OPEC+ Delays Output Deal

Oil was up Friday morning in Asia, retaining its gains from the previous session after a disagreement within the Organization of the Petroleum Exporting Countries and allies (OPEC+) delayed a decision on output levels, which might cause an inflationary spike in prices if not resolved.

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Oil prices nudge higher before OPEC+ meet

Oil prices edged higher on Thursday, supported by lower U.S. inventories, as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year.

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