Reported 2 months ago
Oil prices held steady following a weekly gain, with traders closely monitoring Iran's potential response to the recent assassination of a Hamas leader in Tehran. Brent crude was trading below $80 a barrel, while West Texas Intermediate was near $77 as Iran emphasized its intent to retaliate against Israel. Despite the slight annual gain in crude prices, bearish sentiment persists due to weak economic indicators from China, the world's largest oil importer.
Source: YAHOO