Oil prices take a breather, OPEC+ sticks to moderate output increases
LONDON (Reuters) -Oil prices eased on Thursday following weak U.S. payrolls data and some profit-taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases.
Brent crude fell 61 cents, or 0.7%, to $88.86 a barrel by 0915 GMT, after rising 31 cents on Wednesday. U.S. West Texas Intermediate crude was down 69 cents, or 0.8%, at $87.57 a barrel, having gained 6 cents the previous day.
U.S. private payrolls fell for the first time in a year in January, raising the risk of a sharp decline in employment that would deal a temporary setback to the labour market.
