• Oil steadied after a tumble following an OPEC+ meeting that promised further output cuts but was hazy on the details.
  • Brent crude for February traded under $81 a barrel, after sliding 2.4% in the previous session, while West Texas Intermediate was around $76. The alliance announced roughly 900,000 barrels a day of fresh output cuts from January, but the curbs are voluntary, with Angola already rejecting its quota. Saudi Arabia, meanwhile, said it will prolong its separate 1 million barrel-a-day reduction through the first quarter.