Brent crude prices held steady on Friday as traders monitored developments in the Russia-Ukraine peace negotiations and awaited the outcome of Sunday’s OPEC+ meeting for signals on future supply changes that have been pressuring the market.
The front-month Brent contract, expiring Friday, stayed flat at $63.34 a barrel by 0134 GMT after a 21-cent rise in the previous session. Meanwhile, the more actively traded February contract slipped 2 cents to $62.85 in light trading.