Crude oil prices steadied today after three consecutive losing sessions, mostly supported by a statement from Saudi Arabia that the production cuts agreed last week will be implemented in full. Commenting on the OPEC+ decision, Energy Minister Abdulaziz bin Salman also said that the cuts would be extended beyond the first quarter of 2024 if necessary, Bloomberg reported. Reuters noted in a report that oil prices have received some additional support from news about attacks on ships in the Red Sea, which is coming on the heels of the end of the…
