Reported about 6 hours ago
Oil prices have stabilized after initially falling, as a tight physical market compensates for OPEC+'s larger-than-expected production increase of 548,000 barrels per day for August. Brent crude futures decreased slightly but remained above recent lows, while analysts note that the overall oil market remains tight enough to absorb additional supply despite concerns over U.S. tariffs potentially impacting economic growth and oil demand.
Source: YAHOO