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.
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