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Oil market held steady as investors assess the outlookOil market held steady as investors assess the outlook |
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International benchmarks for crude oil ended the trading session on Thursday, 1 December 2022 with little changes although the market gained support from China easing lockdown measures in both Guangzhou and Chongqing, while the US dollar weakened against the basket of currencies. Traders are monitoring the next OPEC+ meeting on 4 December 2022 with expectations that the group of producers will maintain the production targets.
Brent settled 9 cents lower at $86.88/barrel.
WTI added 67 cents to close at $81.22/barrel.
