Oil edges up ahead of OPEC meeting, but sentiment still cautious
Updated : November 28, 2018 09:58 AM IST
US West Texas Intermediate (WTI) crude futures were at $52.00 per barrel at 0027 GMT, up 44 cents, or 0.9 percent from their last settlement.
Despite Wednesday's rise, oil prices have still lost almost a third of their value since early October, weighed down by an emerging supply overhang and by widespread weakness in financial markets.
The OPEC-meeting will follow a gathering by the Group of 20 (G20) nations, which includes the world's biggest economies, in Argentina this weekend, at which the Sino-American trade dispute as well as oil policy are expected to be discussed.