Original title: Oil Drifts Higher With Focus on OPEC+ and US Policy on Russia
Oil drifted higher 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 rose toward $69 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 most market watchers expect that the group will opt to keep supply steady.