Oil prices edged lower on Thursday ahead of the OPEC+ meeting scheduled for June 1, 2021.
International benchmark Brent crude was trading down 1.1% at $68.14 per barrel, at 2.50 pm Makkah time.
WTI crude fell 1% to $65.52 per barrel.
The Organization of the Petroleum Exporting Countries and allies (OPEC+) are expected to discuss production curbs when they meet next week.
JPMorgan Chase expects that OPEC+ will not hike production beyond what the group has already agreed for May through July, and would decide any future increases based on the demand outlook, Reuters reported.
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