The OPEC and non-affiliated allies such as Russia pledged to withhold 1.2 million barrels per day (bpd) in crude supply from the start of the year to tighten markets and prop up price
Oil prices were steady on Friday, supported as production cuts led by the Organisation of the Petroleum Exporting Countries (OPEC) and the United States (US) sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019.
But oil prices have been capped by concerns that an economic slowdown will soon start denting growth in fuel demand.
Brent crude oil futures were at $67.15 per barrel at 0126 GMT, 8 cents below their last close, but still within a dollar of the $68.14 2019-high reached the previous day.
