
Oil prices recovered some losses on Thursday after falling nearly 2 per cent in the previous session, with investors weighing a potential OPEC+ output increase against conflicting tariff signals from the White House and ongoing US-Iran nuclear talks.
Brent crude futures were up 53 cents, or 0.8 per cent, to $66.65 a barrel at 0706 GMT, while US West Texas Intermediate crude was up 55 cents, or 0.88 per cent,