Oil steadies after expected OPEC+ cut extension

Oil prices remain stable as OPEC+ extends output cuts. Brent futures reach $83.74 a barrel, while WTI rises to $80.03. Brent spreads widen due to tightening low-sulphur crude markets. Russia's surprise additional cut correlates with a drop in refinery runs. Geopolitical tensions and economic concerns support prices, Yemen's Houthis target British ships.

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