India, June 30 -- Oil prices were slightly higher in cautious trade on Monday as investors braced for more OPEC+ supply.
Benchmark Brent crude futures edged up by 0.2 percent to $66.93 a barrel in European trade as the dollar slid on optimism over U.S. trade deals ahead of the impending July 9 deadline for reciprocal tariffs. WTI crude futures were up 0.2 percent at $65.62.
As geopolitical risks in the Middle East ease, the focus has now shifted to the upcoming July 6th meeting of OPEC+, where another hike in production by 411,000 bpd is likely to be approved for August, following similar-sized output increases for May, June and July.
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