Oil edges higher ahead of OPEC meeting

SINGAPORE: Oil prices rose modestly in Asia on Monday ahead of a producers’ meeting this week that might agree to cap supplies.
But analysts warned the wellspring of optimism should be tempered by experience of two years of gluts and disagreement among members of the Organization of Petroleum Exporting Countries (OPEC).
OPEC and Russia are slated to begin meeting later Monday on the sidelines of the International Energy Forum in Algiers, looking for ways to stabilise prices that have been depressed since 2014.

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