Oil near four-month low on OPEC+ supply outlook and US stocks





On Wednesday, oil prices lingered near four-month lows amid expectations of a supply increase later this year as OPEC+ plans to ease some output cuts. Markets were also processing U.S. jobs data and rising oil inventories. By 0825 GMT, Brent crude futures had risen 26 cents, or 0.3%, to $77.78 a barrel, while U.S. West Texas Intermediate crude futures increased by 24 cents, or 0.3%, to $73.49.


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