Reported 29 days ago
Oil prices have stabilized following a notable drop of over 6%, as geopolitical tensions in the Middle East and potential economic stimulus in China weigh on the market. West Texas Intermediate crude settled near $67 a barrel, supported by Israeli discussions for a diplomatic solution to its conflict with Lebanon. Traders are now shifting focus towards OPEC's upcoming decisions and US economic indicators, which could impact oil supply and Federal Reserve interest rates.
Source: YAHOO