"Anticipation Builds as Oil Markets Await OPEC+ Supply Cut Decision"

Oil prices remained stable as expectations grew for major oil producers to maintain tight supplies, while hopes for the Federal Reserve to keep interest rates unchanged to support the US economy also contributed to market sentiment. Brent crude futures rose slightly to $88.60 a barrel, while US West Texas Intermediate crude (WTI) futures increased to $85.57 a barrel. The anticipation of additional supply cuts from Russia and Saudi Arabia has been driving crude oil prices, although the steady increase in US oil production may limit significant price gains. Saudi Arabia is expected to extend its voluntary 1-million-barrel per day cut into October, while Russia has already announced export cuts for September.