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Oil steadies as traders eye OPEC+ review and winter demand prep
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Crude held steady as markets watched an OPEC+ review, Asian refinery runs, and macro risk tone; policy headlines could upset tight early-week ranges.
Crude benchmarks were little changed into the week as participants weighed an upcoming producer-group review and seasonal demand preparation by Asian refiners. The near-term balance reflects geopolitical risk premia offset by tempered growth expectations and ample inventories in some hubs. Market focus is on whether voluntary output curbs are rolled over and how product cracks evolve as winter blends ramp. A modestly softer dollar and steadier risk tone keep ranges contained, though headlines can quickly jar positioning in thin early-week flows.