Oil Prices Steady as Markets Weigh Russia Supply Cuts, Refinery Attacks, Weaker Dollar
• Oil prices little changed as markets assess impact of Russian supply cuts vs weaker dollar • Russia ordered companies to cut output to meet 9M bpd target per OPEC+ commitments • Recent attacks on Russian refineries have knocked about 900,000 bpd capacity offline • Refinery disruptions have mixed impact on prices - less demand but potentially less exports • Weaker dollar and geopolitical risks surrounding Israel-Gaza conflict also supportive of prices