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Oil futures remained solidly higher but off session highs Thursday after news reports said the Organization of the Petroleum Exporting Countries and its allies postponed its meeting until Friday, delaying a decision on further relaxing production cuts beginning next month. West Texas crude for August delivery on the New York Mercantile Exchange was up $1.45, or 2%, at $74.92 a barrel after trading as high as $76.22 a barrel in earlier activity.
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