OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction.

OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain below targets due to uneven compliance.

CALGARY] Oil futures slipped slightly in thin holiday trading on Friday (Jul 4), as the market looked ahead to this weekend’s Opec+ meeting and the likelihood that member countries will decide to raise output.