Oil steady as fears of imminent OPEC+ output cut fade – Reuters
- Date: 24-Aug-2022
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
Oil steady as fears of imminent OPEC+ output cut fade – Reuters
Aug 24 (Reuters) - Oil prices were little changed on Wednesday as the market grappled with supply concerns amid the sanctioning of Russian shipments and the initial shock of comments that major producers would cut output wore off.
Brent crude futures for October settlement were down 6 cents, or 0.06%, to $100.16 a barrel by 0720 GMT, after rising 3.9% on Tuesday.
U.S. West Texas Intermediate crude for October delivery were up 9 cents, or 0.1%, at $93.83 a barrel, having jumped 3.7% the previous day.
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