Oil prices rise as investors await OPEC+ output-cut decision

Oil prices moved modestly higher on Friday as traders watched for the latest signals from OPEC+ on production policy. Brent crude futures climbed 0.4% to $78.65 a barrel as the market waited for clarity on whether the alliance would extend or adjust its current output cuts.

The slight gain reflected caution rather than a strong shift in demand or supply fundamentals. Investors have been tracking the group’s internal discussions closely because any change in production strategy could affect global inventories and price stability in the weeks ahead.

For now, the market remains focused on whether OPEC+ will keep tightening supply or ease some of its restraint. The outcome could influence not only crude benchmarks but also fuel costs and broader energy sentiment across major economies.