India, July 2 -- Oil prices were flat to slightly higher on Wednesday as investors braced for OPEC+ supply increases.
A softer U.S. dollar helped prop up prices ahead of the release of official U.S. crude inventory report from the Energy Information Administration.
Benchmark Brent crude futures edged up by 0.3 percent to $67.31 a barrel in European trade while WTI crude futures were up 0.2 percent at $65.56.
The July 6 meeting of OPEC+ will mark a pivotal moment for global oil markets, with the cartel expected to hike August output by 411,000 bpd.
The August increase, if approved, would mark the fourth straight monthly boost aimed at clawing back market share lost during its 2023-2024 output cuts.
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