Oil prices stabilized during early trading on Wednesday as markets assessed the potential impact of the ceasefire agreement between Israel and Hezbollah ahead of Sunday's OPEC+ meeting.
Brent crude futures fell two years to $72.79 a barrel, while U.S. West Texas Intermediate crude futures fell four cents, or 0.1%, to $68.73.
Oil prices fell on Tuesday after Israel agreed to a ceasefire deal with Lebanon's Hezbollah group.
OPEC+ countries are discussing a further delay to an increase in oil production that was due to begin in January, ahead of a meeting scheduled to decide on production policy in the first months of 2025.
