sticker reads crude oil on the side of a storage tank in the permian basin in mentone loving county texas us november 22 2019 reutersangus mordant july 1 reuters  oil prices edged up in early trade on friday after sinking in the previous session as opec said it would stick to its planned oil output hikes in august and investors worried about the strength of the global economy brent crude futures rose 83 cents or 08 to 10986 a barrel by 0012 gmt wti crude futures for august delivery rose 70 cents or 07 to 10646 a barrel us traders squared positions ahead of the long fourth of july weekend on thursday the opec group of producers including russia agreed to stick to its output strategy after two days of meetings however the producer club avoided discussing policy from september onwards read more previously opec decided to increase output each month by 648000 barrels per day bpd in july and august up from a previous plan to add 432000 bpd per month us president joe biden said on thursday he would not directly press saudi arabia to increase oil output to curb soaring crude prices when he sees the saudi king and crown prince during a visit next month read more elsewhere 74 norwegian offshore oil workers at equinors eqnrol gudrun oseberg south and oseberg east platforms will go on strike from july 5 the lederne trade union said on thursday likely shutting about 4 of norways oil production read more