Reported 1 day ago
Oil prices remained stable as traders awaited insights on OPEC+'s supply strategies before their upcoming meeting. Brent crude was trading near $72 a barrel while West Texas Intermediate hovered around $68, both showing minimal change due to a decrease in implied volatility. Despite earlier gains driven by economic recovery signs from China, prices were capped by a strengthening dollar and ongoing geopolitical tensions. Market participants are prepared to adjust their positions based on new developments in both the Middle East and global demand forecasts.
Source: YAHOO