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Saudi oil minister proposes to increase supply by 1 million barrel

Updated : June 22, 2018 03:58 PM IST

Benchmark Brent crude was up $1.05 a barrel at $74.10 by 0925 GMT. US light crude was 80 cents higher at $66.34.
The Organization of the Petroleum Exporting Countries is meeting in Vienna together with non-OPEC oil producers to discuss output policy.
Saudi Arabia and Russia want to raise output, but some other OPEC members, including Iran, have opposed this.
Saudi oil minister proposes to increase supply by 1 million barrel
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