(Bloomberg) -- Oil erased earlier gains ahead of an OPEC+ meeting on Tuesday to discuss production policy for February. Most Read from BloombergFutures in New York erased earlier gains, falling as much as 0.9% on Monday. OPEC reduced its estimate of the surplus in global oil markets this quarter, a day before the group and its allies considers another output boost. The findings may encourage the 23-nation OPEC+ coalition to proceed with the modest production increase that’s expected, according to a Bloomberg survey. Most Read from Bloomberg Businessweek©2022 Bloomberg L.P.

Source: Libya Today January 03, 2022 02:52 UTC