Crude Oil is trading today in the European session around the $83 level.
In European trading on Friday, oil prices saw a modest uptick, poised for a favourable conclusion to the week amid traders' focus on potentially constrained supplies and ongoing geopolitical tensions in the Middle East.
However, the gains remained subdued as markets remained cautious ahead of the release of U.S. inflation data later in the day. This data could provide further insights into the trajectory of interest rates.