(Bloomberg) Oil steadied after its biggest weekly loss in four, with the focus on an OPEC+ supply meeting on Sunday and US demand at the start of the summer driving season. Most Read from BloombergFed’s Favorite Underlying Inflation Gauge Is Seen CoolingSevere Turbulence Leaves 12 Injured on Qatar Airways FlightIndia’s Markets Brace for Selloff as Modi’s Poll Goals in DoubtIsraeli Military Proceeds Into Rafah Despite Court RulingSunak National Service Plan Faces Enforcement, Funding Questions
Oil Holds Near Three-Month Low With OPEC+, US Demand in Focus bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Oil prices started the week in green as the market began to focus on the upcoming OPEC+ meeting which is expected to result in the extension of current production cuts.
Oil price news: Oil declines as industry report points to swelling U.S. stockpiles bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Oil rose as a tightening market outweighed gains in the dollar and a broader risk-off tone driven by the outlook for higher interest rates. West Texas Intermediate advanced to near $91 a barrel after ending 0.8 percent higher on Tuesday. The premium for near-term US barrels is near the highest in more than a year,