Oil steadies after 2% drop on potential OPEC+ output increase

Singapore: Oil prices edged higher early Thursday, recovering slightly after a nearly 2% drop in the previous session, as investors weighed the possibility of an OPEC+ production hike against mixed signals on tariffs from the White House.

Brent crude futures had inched up 6 cents, or 0.09%, to $66.18 per barrel, while US West Texas Intermediate (WTI) crude rose 7 cents, or 0.11%, to $62.34 a barrel.

Oil prices fell 2% in the previous session.