Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts

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FILE PHOTO: A maze of crude oil pipes and valves pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S., June 9, 2016. REUTERS/Richard Carson/File Photo

SEOUL (Reuters) – Oil climbed on Wednesday, reversing most of the prior session’s losses, as investors pinned hopes on a Thursday meeting where OPEC members and allied producers will discuss output cuts to shore up prices that have tumbled amid the coronavirus pandemic.

Brent crude LCOc1 was up by 72 cents, or 2.3%, at $32.59 per barrel by 0044 GMT after falling 3.6% on Tuesday. U.S.

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