COP - Crude oil climbs as OPEC+ looks set to keep production plans

Energy ([[XLE]] +0.7%) takes the lead in the S&P midday sector standings, as OPEC+ appears ready to stick with existing plans to slightly raise oil production from May 1.The news comes even amid worries that a surge in COVID-19 cases in India, the world's third largest oil importer, could lead to notable declines in demand for oil.OPEC+ also ditched plans to hold a full ministerial meeting on Wednesday, after a technical meeting yesterday voiced concern about surging COVID-19 cases but kept its oil demand forecast unchanged.The technical committee forecast oil consumption will rebound by 6M bbl/day this year, according to delegates who attended the panel.June WTI crude (CL1:COM) +0.8% to $62.42/bbl, while June Brent crude (CO1:COM) +0.6% to $66.01/bbl.Among top movers in the sector: [[APA]] +1.9%, [[HES]] +1.8%, [[FANG]] +1.7%, [[MRO]] +1.6%, [[COP]] +1.6%, [[EOG]] +1.5%, [[XOM]] +0.9%.ETFs: [[USO]], [[XLE]], [[UCO]], [[XOP]], [[VDE]], [[GUSH]], [[OIH]], [[ERX]], [[BGR]], [[BNO]]Despite concerns about

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Crude oil climbs as OPEC+ looks set to keep production plans