Oil Broadly Steady Amid OPEC+ Supply Cut Uncertainty, Demand Worries

Oil Broadly Steady Amid OPEC+ Supply Cut Uncertainty, Demand Worries
Word "Oil" and stock graph are seen through magnifier displayed in this illustration taken on Sept. 4, 2022. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

LONDON—Oil prices were stable on Friday, as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting, a stronger U.S. dollar and worries of weaker-than-expected demand growth.

Brent crude was up 40 cents at $76.66 a barrel at 0959 GMT, while U.S. West Texas Intermediate rose 54 cents to $72.37 a barrel.