Crude oil futures were higher in mid-morning trade in Asia Wednesday as the market looked ahead to a decision on production cuts from the upcoming OPEC+ meeting on Thursday. At 10:30 am Singapore time (0230 GMT), May ICE Brent crude futures were up 65 cents/b (1.25%) from Tuesday’s settle at $52.51/b, while the NYMEX April light sweet crude contract was 60 cents/b (1.27%) higher at $47.78/b. OPEC+ is due to meet Thursday-Friday in Vienna to discuss the future of the group’s current 1.7 million b/d supply cut agreement, which expires at the end of March. “Oil should remain supported, but at this stage, the key is that OPEC+ presents a unified front and shows the group is capable of action,” AxiCorp’s chief market strategist Stephen Innes said Wednesday. “However, a sustained move […]