Reported about 12 hours ago
Oil prices stabilized after experiencing a drop, as increased US stockpiles fueled fears of an oversupplied market. Brent crude traded below $65, while West Texas Intermediate remained above $61, with a second consecutive week's rise in commercial crude inventories. Additionally, broader financial markets saw declines due to worries about the US deficit and weakening investor interest in US assets. Geopolitical tensions, including US-Iran nuclear talks and the ongoing Ukrainian conflict, continue to influence market dynamics.
Source: YAHOO