Monday, August 18, 2025
Oil steady as virus fears counter positive factory data- oil and gas 360

Oil steady as virus fears counter positive factory data

CNBC Oil prices steadied on Monday, pressured by rising COVID-19 cases around the globe and by oversupply worries as OPEC and its allies are set to wind back output cuts in August, but supported by positive industry data in Europe and Asia. Brent crude rose 3 cents, or 0.1%, to $43.55 a barrel, and U.S. West Texas Intermediate crude was