Oil prices remained stable in subdued trading, with market participants awaiting clarity after OPEC+ postponed its planned supply meeting. The delay has added uncertainty to the group’s next move on production cuts, leaving traders hesitant to make significant bets. Benchmark Brent crude hovered near $80 per barrel, while U.S. West Texas Intermediate settled just under $75, reflecting minimal day-to-day changes.
The postponement comes amid growing speculation over deeper cuts to counter weaker demand and global economic headwinds. Some analysts anticipate the group could extend or deepen production limits to stabilize prices, but the lack of immediate direction has kept volatility in check. With OPEC+ leadership tight-lipped on the reasons for the rescheduling, the market remains focused on potential signals when the meeting reconvenes.
