Oil Highly Volatile During OPEC+ Meeting

In the morning trade on the first trading session of the new year, oil futures on the New York Mercantile Exchange and the Intercontinental Exchange saw mixed results, with international benchmark backing off overnight highs as traders remain uncertain whether the OPEC+ coalition will leave production quotas unchanged next month, skipping a 500,000 bpd increase amid rising COVID-19 cases and slower-than-expected roll-out of immunization campaigns in the U.

S. and the European Union. Near 10.30 AM ET, NYMEX February West Texas Intermediate futures…