Oil steady as focus turns to U.S. economic data

Following an almost 1% increase in the previous session due to reductions in OPEC+ output objectives

oil prices stabilised on Friday ahead of important U.S. economic data.

By 0339 GMT, Brent oil futures had fallen 11 cents to $94.31 per barrel. After touching $89.37 per barrel earlier

the highest price since September 14, WTI crude futures were down 5 cents to $88.40 per barrel.

Oil prices were under pressure due to a stronger currency and a chorus of Federal Reserve speakers predicting an aggressive tightening of monetary policy.

Fed Governor Lisa Cook, Chicago Fed President Charles Evans, and Minneapolis Fed President Neel Kashkari all emphasised that the inflation fight was ongoing .

the Fed had no plans to back down from the most aggressive rate raise campaign in decades..

Jobs report to show whether Fed rate hikes cooled hiring