MELBOURNE : Oil prices inched up in early trade after OPEC+ nations reaffirmed their oil output targets ahead of a European Union ban and price caps on Russian crude, which kick off on Monday.
Brent crude futures climbed 39 cents, or 0.5 per cent, to $85.96 a barrel at 2309 GMT, while U.S. West Texas Intermediate crude futures rose 37 cents, or 0.5 per cent, to $80.35 a barrel.
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