Crude Oil Futures Edge Higher amid of US Stocks Data, OPEC Meet

Crude oil futures edged higher during mid-morning trade in Asia Tuesday ahead of the release of US crude stocks data and a decision on extending OPEC’s ongoing supply cut agreement.

At 10:10 am Singapore time (0210 GMT), ICE Brent February crude futures were up 11 cents/b (0.18%) from Monday’s settle at $61.03/b, while the NYMEX January light sweet crude contract was 14 cents/b (0.25%) higher at $56.10/b.

Analysts surveyed Monday expect data due for release in coming days to show…

View entirety: Platts