Oil jumps, but ends off highs, as OPEC+ decision on output boost is delayed


Oil future ended solidly higher, but off session highs, after news reports said a dispute between the United Arab Emirates and Saudi Arabia forced the delay of a meeting of the Organization of the Petroleum Exporting Countries and its allies. An OPEC+ advisory panel will meet again Friday in an effort to resolve the divide, Bloomberg reported. OPEC+ ministers, who were poised to consider a proposal that would reportedly see output rise by around 400,000 barrels a day from August to the end of the year, will meet Friday after the advisory panel concludes its talks, OPEC announced. West Texas Intermediate crude for August delivery
rose $1.76, or 2.4%, to end at $75.23 a barrel on the New York Mercantile Exchange.


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