The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.
0705 GMT - Oil prices edge higher in early trade following the previous session's fall as traders weigh mixed market signals. Brent crude is up 0.7% at $65.63 a barrel, while WTI rises 0.8% to $62.76 a barrel. The benchmarks settled 2% lower on Wednesday after Reuters reported that OPEC+ member Kazakhstan--which has already been pumping well above its target--will decide its output levels prioritizing national interest over the group's quotas, and that several OPEC+ members are considering accelerating output increases for a second consecutive month in June. "Further disagreement between OPEC+ members is a clear downside risk, as it could lead to a price war," analysts at ING say. However, prices are supported by signs of tightness in the spot market and hopes that the U.S. and China could be closer to trade talks. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 03:05 ET (07:05 GMT)
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