Reported about 1 year ago
Oil prices remained stable as markets assessed supply tensions and China's economic rebound. Brent futures for August settlement slightly decreased to $85.96 a barrel, while U.S. crude futures were down to $81.60 a barrel. Investors were cautious ahead of U.S. consumer price data and concerned about potential oil price increases due to high interest rates impacting fuel consumption and the economy. Additionally, Ukrainian attacks on Russian oil infrastructure and EU sanctions against Russia added to market uncertainties.
Source: YAHOO