Mumbai, Feb. 18 -- WTI crude oil futures are edging up after recent losses. The metal is holding above $71 per barrel supported by reports that OPEC+ is considering delaying a series of monthly supply increases scheduled to begin in April, despite calls from President Donald Trump to lower prices. Crude oil inventories for this week will be watched for further cues following last week's high build. Oil is rising after testing a six week low and WTI Crude futures are currently trading at $71.61 per barrel, up 1.23% on the day. Oil will likely eye cues from equities in near term though Russia- Ukraine peace talks will be a major factor for the commodity in days to come.
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