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OPEC keeps production steady; Brent settles near $86 as demand softens
OPEC kept output steady, sending Brent to $86 and WTI to $82 as balanced demand-supply tempered volatility.
Oil prices edged lower after OPEC maintained output levels unchanged for November. Brent futures hovered around $86 per barrel and WTI near $82. Analysts said steady production and tepid demand from Europe balanced geopolitical risks. Inventory data from the US showed marginal builds, suggesting stable supply conditions. Market participants expect prices to remain range-bound through year-end unless winter demand spikes sharply.