Oil Steadies With Market Focus on OPEC+ Output and China Demand.

Oil prices stabilized as traders considered the upcoming increase in production from OPEC+ against lower output in Libya and economic challenges in China. Brent crude traded around $77 a barrel, while West Texas Intermediate remained below $74. OPEC+ plans to add 180,000 barrels per day as they gradually restore production, but concerns about economic growth in China and declining diesel sales in India have raised doubts about oil demand. The oil market has experienced volatility in recent weeks, with prices being influenced by supply expectations and global economic conditions. [Extracted from the article]