Reported about 5 hours ago
Oil prices remained steady after a significant drop, influenced by ongoing US sanctions against Russia and a report indicating decreasing US stockpiles. Brent crude is stabilizing around $80 per barrel, while West Texas Intermediate is below $78. Buyers are shifting away from Russian oil, and Chinese companies are increasing imports from the Middle East. Market analysts predict a narrow price range as traders await clarity on the incoming administration's energy policies and potential impacts on market dynamics.
Source: YAHOO