Oil prices stabilize amid US sanctions and supply concerns
after close1 source ↓written by the desknot a recommendation
- per barrel
- $63.00
- WTI remains below
- $60.00
Oil prices have stabilized as concerns over global oversupply meet the impact of new US sanctions on Russian energy firms like Rosneft and Lukoil. Brent crude is trading above $63.00 per barrel, while WTI remains below $60.00. This balance follows two weeks of price declines, indicating market volatility ahead.
Not investment advice. For informational purposes only.