neutral
Recently
Oil steadies as traders weigh OPEC+ compliance and US demand signals
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.