OPEC+ Cuts and Demand Woes Keep Oil Prices in Narrow Trading Range

Oil prices have remained in a narrow $75 to $90 a barrel trading range since the end of 2022, as the OPEC+ group continues to keep supply off the market but often-resurfacing concerns about global oil demand have dampened bullish sentiment.   After spiking to above $100 a barrel in the wake of the Russian invasion of Ukraine in early 2022, Brent Crude prices have traded between $75 and $90 per barrel since the end of 2022, LSEG data cited by Reuters showed on Friday. While the OPEC+ alliance is keeping a floor under oil…