The agreement of OPEC+ with oil production decreases in October stood at 101%, Reuters reported on Friday, citing two OPEC+ sources familiar with the matter.

Meanwhile, Russia's Rosneft remarked that it is currently in full compliance with its promised output cut.

Market reaction

Crude oil prices remain under modest bearish weight on Friday. As of writing, the barrel of West Texas Intermediate (WTI), which met a multi-month high of $43.03 earlier in the week, is currently down 1.3% on the day at $40.35.