Reported 2 days ago
Oil prices remained stable as stronger factory activity in China increased demand hopes, but concerns over potential U.S. interest rate hikes tempered gains. Brent crude fell slightly to $71.83 a barrel, while U.S. WTI rose modestly to $68.10. Geopolitical risks, particularly the fragile ceasefire between Israel and Lebanon and developments in Syria, added pressure on the market. Traders are closely watching OPEC+'s upcoming meeting, which may influence future production policies.
Source: YAHOO