Oil Holds Near Three-Month Low as Market Shows Signs of Weakness

-- Oil traded near lowest level in over three months as the market flashed signs of weakness ahead of the US summer driving season.Brent crude was little changed near $81 a barrel, while West Texas Intermediate held below $77. Both benchmarks are set for a weekly loss. The Memorial Day weekend is typically seen as the start of the peak driving period in the US and investors will be watching to gauge the demand outlook.

VANCOUVER — The second phase of a homebuilding partnership between the province and Metro Vancouver will deliver up to 670 below-market rental units in four separate urban areas, Premier David Eby said Thursday. A sharp decline in Taiwan's ties with mainland China could extend to the very devices being used to transmit and read this story.

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Oil Holds Near Three-Month Low as Market Shows Signs of WeaknessOil traded near a three-month low as the market flashed signs of weakness ahead of the start of the US summer driving season.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil price news: Oil inches down with market volatility measure near 2019 lowsOil edged lower on Tuesday in a rangebound market as attention turns toward the upcoming OPEC+ meeting that will set the group’s supply policy.
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Oil price news: Oil trades near 3-month low on rising stocks and hawkish FedOil steadied near the lowest closing level in three months as traders weighed rising U.S. crude stockpiles and signs that the U.S. Federal Reserve may hold interest rates higher for longer.
Source: BNNBloomberg - 🏆 83. / 50 Read more »