neutral
3 days agoOil steadies as traders weigh OPEC+ compliance and US demand signals
Crude prices moved narrowly on Friday, with Brent stabilising near $82.40 and WTI around $78.10 as traders assessed OPEC+ supply cuts against softening US fuel demand. Early December compliance from key producers remained uneven, adding uncertainty to the cartel's output strategy. Weak US gasoline consumption and rising stockpiles limited upside momentum even as geopolitical risks supported a price floor.
Tags:
- oil
- energy
Reuters• By Pooja Kumari
Explore:Mutual Fund Themes
neutral
3 days agoOil steadies as traders weigh OPEC+ compliance and US demand signals
Crude prices moved narrowly on Friday, with Brent stabilising near $82.40 and WTI around $78.10 as traders assessed OPEC+ supply cuts against softening US fuel demand. Early December compliance from key producers remained uneven, adding uncertainty to the cartel's output strategy. Weak US gasoline consumption and rising stockpiles limited upside momentum even as geopolitical risks supported a price floor.
Tags:
- oil
- energy
Reuters• By Pooja Kumari
Explore:Mutual Fund Themes
1 min read
59 words
Crude held steady near key levels as traders digested uneven OPEC+ compliance and weakening US demand, setting the stage for a volatile December.
Crude prices moved narrowly on Friday, with Brent stabilising near $82.40 and WTI around $78.10 as traders assessed OPEC+ supply cuts against softening US fuel demand. Early December compliance from key producers remained uneven, adding uncertainty to the cartel's output strategy. Weak US gasoline consumption and rising stockpiles limited upside momentum even as geopolitical risks supported a price floor.
Crude prices moved narrowly on Friday, with Brent stabilising near $82.40 and WTI around $78.10 as traders assessed OPEC+ supply cuts against softening US fuel demand. Early December compliance from key producers remained uneven, adding uncertainty to the cartel's output strategy. Weak US gasoline consumption and rising stockpiles limited upside momentum even as geopolitical risks supported a price floor.
Tags:
- oil
- energy
- oil
- energy
- commodities
- OPEC
Nov 29, 2025 • 07:43