Reported about 10 hours ago
Oil prices have stabilized as OPEC+ is expected to delay restoring production due to easing geopolitical risks following a cease-fire between Israel and Hezbollah. Brent crude remained below $73 a barrel, while West Texas Intermediate held above $68. The OPEC+ meeting this weekend may lead to continued production cuts, and recent reports show a significant drop in US crude inventories. However, ongoing geopolitical tensions and potential tariffs under a new US administration could influence future market movements.
Source: YAHOO