Brent oil holds near $77 as OPEC+ talks end without supply deal
Brent oil was steady near $77 a barrel after OPEC+ ended days of talks without a deal to bring back more halted output next month, depriving the market of vital barrels as the global economic recovery gathers pace.
Futures in London rose 1.3% on Monday after the alliance failed to reach an agreement, which will leave current production limits in place for August unless talks are revived in the coming days. A disagreement over how to measure output cuts upended a tentative proposal to boost supply and devolved into a public spat between allies Saudi Arabia and the United Arab Emirates.
