The oil market is closely watching the developments within OPEC+ as the group prepares for a virtual meeting on November 30 to discuss potential production cuts. This comes in the wake of a significant increase in US crude inventories and amid expectations of a Chinese stimulus that could impact demand.

The outcome of OPEC+'s meeting and the subsequent decisions on production levels will be critical for the direction of oil prices as the market heads into the final month of 2023.

https://www.investing.com/news/commodities-news/wti-crude-steadies-as-opec-considers-further-cuts-93CH-3242373