Crude oil futures plummet amid reports of extra Saudi supply ahead of OPEC meeting
Crude oil futures were sharply lower in mid-morning Asian trade June 2 amid reports that some OPEC producers were prepared to raise output beyond their pledged quotas as the wider OPEC+ group prepares to convene later in the day. At 11:04 am Singapore time (0304 GMT), the ICE August Brent futures contract was down $2.26/b (1.94%) from the previous close…