TOKYO/SINGAPORE: Oil edged higher on Wednesday as investors turned cautious ahead of a crucial meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, to decide output policy in the coming months, while a supply disruption caused by a storm in the Black Sea provided a lift for prices, according to Reuters.
Brent crude futures climbed 3 cents to $81.71 a barrel at 9:25 a.m. Saudi time. US West Texas Intermediate crude futures gained 17 cents, or 0.2 percent, at $76.58 a barrel.