OPEC+ keeps crude oil output quotas steady

The Organisation of Petroleum Exporting Countries and its main producer allies decided to keep their production quotas steady.

According to news reports, OPEC+ countries were waiting for clearer indications on the possible impact that the reopening of China's economy and additional rounds of sanctions on Russian crude oil and products would have, Dow Jones Newswires reported.

In an immediate reaction, as of 1355 GMT front-dated Brent crude oil futures on the ICE were edging up by 0.23% to $85.69 a barrel.

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