Oil Prices Teeter as Supply Outlook Strengthens, China Boosts Economy

Oil prices remained stable on Friday but were headed for a weekly decline as investors balanced expectations of increased output from Libya and OPEC+ against China’s new economic stimulus measures. Brent crude and WTI futures showed slight gains, but both benchmarks were on track for significant weekly losses. The market’s focus has been on Libya’s potential supply increase following a resolution of internal disputes, OPEC+’s planned production boost, and China’s efforts to stimulate its economy through interest rate cuts and liquidity injections.