Light crude oil futures settled at $61.50 on Thursday, up $0.62 or 1.02% for the week so far, with one trading day remaining. The move capped a choppy week marked by cautious optimism surrounding OPEC+ supply restraint, geopolitical developments in the Middle East, and persistent oversupply concerns in the U.
S. and global markets. The bullish and bearish factors largely neutralized each other, but near-term direction remains uncertain as traders weigh competing signals heading into next week. OPEC+ Maintains Cautious Output Path Despite Surplus…Cautious OPEC+ Strategy Offsets U.S. Output Boom
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