Reported 9 months ago
Oil prices remained stagnant with Brent close to $86 a barrel, experiencing the smallest fluctuation in over three years. Traders await key US economic data, including personal consumption and employment figures, amid a narrow trading range. Despite a large build-up of US crude stockpiles and signs of weak fuel consumption, oil prices held steady, hovering around $81 a barrel. Expectations suggest further price increases over the next quarter, influenced by seasonal strength and market volatility from upcoming elections in Iran and France.
Source: YAHOO