Crude oil futures were marginally lower during morning trade in Asia on Thursday amid some profit-taking after gaining more than $2/b during Wednesday’s trading session, as markets await the outcome of the OPEC meet in Vienna. At 10:59 am Singapore time (0259 GMT), ICE February Brent crude futures inched 7 cents/b (0.11%) lower from Wednesday’s settle to $62.93/b, while the front-month NYMEX January light sweet crude contract moved 23 cents/b (0.39%) lower to $58.2/b. Reports that Iraq was pushing for deeper OPEC+ production cuts emerged on Wednesday, pushing both the benchmark contracts up by more than $2/b. OPEC and OPEC+ meetings are scheduled in Vienna Thursday and Friday, where the current 1.2 million b/d production cut agreement, which runs through March, is being discussed. “With a tricky OPEC meeting set to kick off, today [Thursday], traders will be on the dual headline with one eye on OPEC […]