Oil settles down on possible Opec+ output hike
Brent crude futures settled down 25 cents, or 0.39%, at US$63.90 a barrel. US West Texas Intermediate crude finished down 15 cents, or 0.25%, at US$60.79 a barrel.
HOUSTON: US crude futures fell on Friday as traders expected Opec+ would decide on Saturday to boost oil output for July beyond previous forecasts.
Brent crude futures settled down 25 cents, or 0.39%, at US$63.90 a barrel. US West Texas Intermediate crude finished down 15 cents, or 0.25%, at US$60.79 a barrel, having earlier dropped more than US$1 a barrel.
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