Original title: Oil Drifts as Traders Wait for OPEC+ and Next US Move on Russia
Oil drifted as traders waited for fresh catalysts to move prices out of what’s been a relatively narrow band, with attention on an upcoming OPEC+ meeting and US moves on Russian supplies. Brent traded above $68 a barrel after the November contract gained 1% in the previous session, while West Texas Intermediate was near $65. OPEC+ will hold a meeting this weekend to decide on output for October, and market watchers are divided over the likely outcome between no change and a modest rise.