Brent Crude Price Stability Tested by OPEC+ Strategy and Peace-Talk Uncertainty
crude is edging higher ahead of the OPEC+ policy meeting and renewed diplomatic efforts over a Russia-Ukraine peace agreement. Energy markets are weighing supply discipline against the potential return of sidelined Russian barrels. The immediate risk is to price stability in the oil complex, particularly Brent, as traders assess whether supply expectations are too tight.
Main Narrative
Brent crude is trading around $63.11 a barrel, up 0.4% in early European trading, extending its modest weekly gain toward 1%. The price action reflects cautious positioning rather than strong bullish conviction. Supply expectations continue to dominate sentiment. OPEC+ is signaling policy stability after halting planned output increases for early 2026….
