Oil investors await resolution from OPEC+ quagmire

The cartel and its allies have boosted supply in step with the world's economic recovery from the Covid-19 pandemic, however the organization can't seem to agree on forward-looking output caps.
Photo: NICK OXFORD/REUTERS / X03416
Photo: NICK OXFORD/REUTERS / X03416
BY RITZAU FINANS

Oil prices hold steady Wednesday morning after rising in recent days as market players await the next move from the Organization of Oil Exporting Countries and OPEC+ allies.

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