Oil steadies as market digests OPEC+ output plans

Oil prices saw little change as OPEC+ decided to pause output hikes in the first quarter, despite ongoing concerns about a potential supply glut. Major energy producers and the U.S. Department of Energy challenged forecasts of an oversupply next year, while Russia's lobbying influenced OPEC+'s decision due to Western sanctions. Investors anticipate U.S. inventory data for further market direction.