Wednesday, March 5, 2025
Oil prices stabilise after slump on underwhelming OPEC+ cuts- oil and gas 360

Oil prices stabilise after slump on underwhelming OPEC+ cuts

Investing Oil prices were broadly steady on Friday following a 2% drop on Thursday, with the market 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 by 1 cent, or 0.01%, to $80.87 a barrel by 1325 GMT on their first