Oil prices were little changed on Friday, with crude futures hovering near recent lows as investors waited for an OPEC+ meeting that could shape supply policy in the weeks ahead.

Traders are watching whether the producer group keeps its output curbs in place or moves to ease them. Any shift could affect global supply expectations and push prices higher or lower depending on the size and timing of the change.

The market has been fragile in recent sessions, with prices pressured by concerns over demand and uncertainty around how much oil the alliance may bring back to the market. That caution kept trading restrained ahead of the decision.

For now, the outlook remains tied to the outcome of the meeting. A decision to extend cuts would likely support prices, while a more open supply stance could add fresh pressure to an already subdued market.