WTI: Buyers defend $83 amid mixed oil headlines and USD strength

Saudi Energy Minister Abdulaziz bin Salman Al Saud said on Friday that OPEC+ are doing the right job for stable energy market.

Meanwhile, an Iranian official said urged US to “lift sanctions on Iran, if you want to reduce the price of oil.”

He added that  “you cannot solve the problem by threatening one country.”

Separately, industry players and a US official told Reuters that Russia could skirt the new G7 price cap on its oil exports, Moscow has access to enough tankers to ship most of its oil to make the price cap ineffective.