Oil futures edge lower Friday as a weekend OPEC+ meeting loomed ahead of the Monday launch of a European Union ban on Russian crude imports.
Oil futures ticked lower Friday as investors awaited a pair of events: a Sunday meeting of the Organization of the Petroleum Exporting Countries and its allies, and the Monday kickoff of European Union ban on Russian crude imports.
Meanwhile,... Oil futures ticked lower Friday as investors awaited a pair of events: a Sunday meeting of the Organization of the Petroleum Exporting Countries and its allies, and the Monday kickoff of European Union ban on Russian crude imports. Meanwhile, OPEC+ meets Sunday. Many analysts look for the group to hold production steady amid uncertainty over how a EU ban on vessel-borne Russian crude that begins Monday will affect the market.
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