Oil Steadies After Weekly Loss as Market Looks Ahead to Fed Rate

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Oil was steady after a weekly drop with the market still digesting OPEC+’s decision to start restoring supply, and looking ahead to a couple of key market reports and a Federal Reserve decision.

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Oil price news: Oil pares weekly loss as OPEC+ repeats that hike is conditionalOil futures pared a weekly loss after some members of OPEC+ reiterated that its plan to revive halted supplies is contingent on market conditions.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil Steadies as Traders Look to OPEC Report and Inflation DataOil held a gain before the release of OPEC’s market outlook, with traders looking for clues on whether supply curbs will be extended, and US inflation data that will shape expectations for monetary policy.
Source: BNNBloomberg - 🏆 83. / 50 Read more »