Reported 22 days ago
Oil prices remain steady as global markets anticipate a potential interest-rate cut from the Federal Reserve this week. Brent crude trades around $73 a barrel, with West Texas Intermediate also holding above $70. Despite recent losses due to China's economic slowdown and oversupply concerns, some analysts believe the market's focus on bearish trends may lead to a correction later in the year as refining capacities return and destocking efforts in the U.S. increase.
Source: YAHOO