Oil edged higher after OPEC and its partners left themselves room to quickly adjust output plans if the pandemic drastically changes the market.
West Texas Intermediate closed up 1.4% after a volatile trading session on Thursday. Futures recovered from their morning plunge of 4.8% after the producer group said it was keeping its meeting open to adjust plans on short notice if necessary. It’s an unusual step that underscores the uncertain outlook amid a resurgent pandemic.
