Oil Ticks Up as Russia’s Novak Says No More OPEC+ Cuts Needed

Crude oil prices ticked higher on Thursday, stabilizing after Wednesday’s drop due to sentiments that the OPEC+ late March production cut announcement had already been priced in for the next month, when they go into force.  On Thursday at 1:41 p.m. EST, Brent crude was trading at $78.53, up 1.08% for a 84-cent gain on the day, but still well below the $80 resistance mark. West Texas Intermediate (WTI) was trading at $75.11 per barrel, up 1.09% for a 81-cent gain on the day. On Wednesday, oil prices shed nearly 4% despite a surprisingly…