Reported 2 days ago
Oil prices stabilized after a two-day increase as OPEC+ announced a modest supply increase of 137,000 barrels per day. Brent crude hovered near $66 a barrel, while West Texas Intermediate was below $62. Traders were surprised by Saudi Arabia's decision to maintain steady prices for its main grade to Asia, creating caution amidst concerns over potential oversupply and attacks on Russian energy infrastructure.
Source: YAHOO