Brent Oil Price Stable, WTI up 1% After Trade Resumes

Brent, WTI up as Market Weighs Peace Talks, OPEC+ Meetings

By Adedapo Adesanya The price of the Brent crude oil was slightly up by 6 cents or 0.09 per cent on Friday to $63.40 per barrel and the US West Texas Intermediate (WTI) crude oil moved up by 82 cents or 1.4 per cent to $59.47 per barrel as the market weighed the Russia-Ukraine peace talks, which kept geopolitical risks

Brent oil price stable, WTI up 1% after trade resumes

By Georgina McCartney HOUSTON (Reuters) -Brent crude oil futures were flat on Friday while U.S. crude futures ticked higher as drawn-out Russia-Ukraine peace talks kept geopolitical risks elevated and traders kept an eye on Sunday's OPEC+ meeting for clues about potential output changes. U.S. West Texas Intermediate crude futures resumed trading after being frozen due to a system outage at exchange operator CME Group, blamed on a cooling issue a…

Oil: Fine-tuning at OPEC+ rather than major changes – Commerzbank

At the semi-annual OPEC+ meeting, the focus is expected to be more on details rather than a change in the short-term production strategy. Oil prices are unlikely to be significantly affected by this. Peace talks remain the key focus, Commerzbank's commodity analyst Barbara Lambrecht notes.

Brent Oil steady ahead of OPEC+ meeting and Russia-Ukraine talks

Brent crude oil futures were largely steady on Friday as investors monitored developments in the Russia-Ukraine peace talks and awaited the outcome of Sunday’s OPEC+ meeting, both of which could influence global supply and pressure on prices. Front-month Brent contracts, expiring Friday, held at $63.34 a barrel in thin trading, after gaining 21 cents on Thursday. The more actively traded February contract was slightly lower at $62.85, down 2 cen…