Reported about 9 hours ago
Oil prices remained steady following a weekly gain, as traders closely monitored supply tensions and the Federal Reserve's indication of potential interest rate cuts. Brent crude hovered around $68 a barrel, while West Texas Intermediate was over $63, despite rising tariffs on Indian oil imports from Russia. Market participants noted that while cautious about possible oversupply from OPEC+, short-term events are dominating attention and the effects of Fed policies may take time to manifest.
Source: YAHOO