Oil prices were broadly steady on Friday following a 2 percent drop on Thursday, with the market seemingly unconvinced that the latest round of production cuts by the OPEC+ coalition will be able to lift prices out of their recent slump.
Brent crude futures for February rose 22 cents, or 0.27 percent, to $81.08 a barrel by 1058 GMT on their first day as the front-month Ice Brent contract.