Oil steady at the week's opening amidst speculation of potential growth-boosting measures in China and anticipation of OPEC+ extending supply curbs, Bloomberg reported. Brent crude remained below $83 per barrel, with West Texas Intermediate (WTI) above $78. Despite concerning data from China, sovereign bond sales suggested efforts to support growth and energy consumption. Iraqi Oil Minister initially opposed further production cuts but deferred the decision to OPEC+. Crude prices have been declining since mid-April due to easing Middle East tensions and mixed demand outlook. Analysts expect OPEC+ to extend cuts despite Iraq's compliance concerns. OPEC+ upcoming market outlook and an International Energy Agency report will provide insights. Brent's prompt spread narrowed to 44 cents per barrel.