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Bloomberg Quint

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Image Credit: Bloomberg Quint

Oil Steadies As Traders Focus On EU Trade Talks, OPEC+ Meeting

  • Oil prices remained steady as traders focused on EU trade talks and an upcoming OPEC+ meeting.
  • Brent traded below $65 a barrel while West Texas Intermediate was little changed near $61.
  • The EU's decision to accelerate trade talks with the US and the upcoming OPEC+ meeting to determine supply policy were key factors influencing market sentiment.
  • OPEC+ is set to decide July production levels for key members on May 31 and may consider increasing output for a third consecutive month.

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