Oil prices stabilized on Wednesday as investors considered the impact of a meeting between U.S. and Chinese leaders and anticipated production quota increases from the upcoming OPEC+ meeting. Brent crude futures rose 0.2% to $64.51 a barrel, while U.S. West Texas Intermediate crude futures increased 0.1% to $60.21. China announced a meeting between President Xi Jinping and President Donald Trump, aiming to boost U.S.-China relations. Additionally, U.S. crude and fuel inventories were expected to decline last week, with crude stocks falling by 4.02 million barrels and gasoline inventories dropping by 6.35 million barrels. OPEC+ is considering a modest output increase in December, with Saudi Aramco’s CEO noting strong crude oil demand.

Read more at Yahoo Finance: Oil steadies as US-China meeting comes into focus