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Home Finance

Oil slides as easing supply concerns overshadow Middle East tensions

admin by admin
May 7, 2024
in Finance
Oil slides as easing supply concerns overshadow Middle East tensions
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By Alex Lawler and Deep Kaushik Vakil

LONDON (Reuters) -Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of escalation in the Middle East.

Brent crude futures fell 36 cents, or 0.4%, to $82.97 a barrel by 11:21 a.m. ET (1521 GMT) U.S. West Texas Intermediate crude futures were down 28 cents,…



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Tags: Crude inventoriesOil pricesRicardo Evangelista
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