Oil prices have continued to move within a narrow range since the start of trading today, Friday, April 25, 2025, with crude stabilizing near $61.85 a barrel. This stability comes amid a state of caution in the markets, as investors await any new developments regarding the production policies that OPEC+ may adopt in the coming days.

This calm performance is attributed to a delicate balance between expectations of additional production cuts on the one hand, and concerns about slowing global demand on the other, amid ongoing uncertainty regarding the global economic recovery. The relative stability of the dollar has also contributed to limiting price movements for the time being.

If OPEC+ announces actual steps to reduce supply, oil could receive a further upward push, while it could experience a downward trend if the group's decisions disappoint market expectations.