OPEC Expected to Keep Output Steady as Oil Rebalances

VIENNA—The Organization of the Petroleum Exporting Countries isn’t likely to take any coordinated action on crude-oil output at its meeting on Thursday, representatives said, as the group sees signs of success with its hands-off approach of the past 18 months.

Oil prices have nearly doubled since hitting 13-year lows over the winter, as a global glut that has weighed on the market since 2014 shows signs of unwinding. Rising prices...