Oil rises on fading oversupply fear after OPEC+ restrains output increase
Oil prices edged higher in early trade on Wednesday as markets started to brush off oversupply fear for the time being, having digested a decision by OPEC+ to restrain November production increases.
Brent crude futures was up 40 cents, or 0.6%, to $65.85 a barrel by 0045 GMT. U.S. West Texas Intermediate crude climbed 44 cents, or 0.7%, to $62.17.
