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Oil rises as OPEC+ seen sticking to policy despite India COVID surge

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NEW YORK : Oil prices rose on Tuesday as OPEC+ sources said the producer group would stick to existing plans to boost oil output slightly from May 1, suggesting they do not see a lasting impact on demand from India's coronavirus crisis.The group has also ditched plans to hold a full ministerial meeting on Wednesday, the sources said.

A technical meeting on Monday had voiced concern about surging COVID-19 cases but kept its oil demand forecast unchanged.Brent crude was up 48 cents, or 0.7%, at $66.13 a barrel by 10:59 a.m.

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