Reported about 2 months ago
Oil markets steadied at the end of a volatile week, trading near $81 for Brent crude, backed by strong U.S. retail sales and job data. This stability came despite ongoing concerns regarding Iranian threats to Israel and a sluggish demand outlook from China. The market showed signs of resilience with a bullish backwardated structure in Brent contracts as global geopolitical tensions linger.
Source: YAHOO