Oil steady as market chews over OPEC+ output hike, supply glut fear

Core Viewpoint - Oil prices remained stable on Tuesday, influenced by a smaller-than-expected OPEC+ output increase, alongside concerns over declining global demand and the risk of a supply surplus [1] Group 1 - OPEC+ output hike was smaller than anticipated, impacting market sentiment [1] - Global demand for oil is weakening, contributing to market stability [1] - Potential for a supply glut is raising concerns among investors [1]