Oil market steady as Brent stays high

Oil prices are currently stable, with Brent crude remaining around $98.15 per barrel after achieving approximately a 14% monthly gain in September. Markets are closely watching developments between the United States and Iran and their potential impact on supplies. Oil exports from Gulf countries have increased to 23.3 million barrels per day, while U.S. oil inventories have recovered by 922,000 barrels to 427.3 million barrels, despite a decrease in fuel stocks due to strong global demand. It is expected that the OPEC+ alliance will maintain its production targets unchanged at its upcoming meeting, while ongoing talks to end the war between Washington and Tehran continue to be a key focus for investors.

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