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Oil: Brent crude futures edged up 13 cents to USD 78.16 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude futures were up 18 cents at USD 73.22 a barrel.
Oil prices appear to have stopped falling, at least for now, after Saudi Arabia emphasized that the OPEC+ production cuts will be implemented in full.
ALBAWABA – Oil prices steadied on Tuesday and the US Dollar held on to most its overnight gains as OPEC+ scrambles to reach a consensus over additional
OPEC+ members have so far failed to shift sentiment in oil markets, with macroeconomic concerns continuing to weigh on oil prices.
The OPEC+ group is ready to take additional measures and deepen the oil production cuts in the first quarter of 2024 to avoid volatility and speculation on the market