Tuesday, June 16, 2026
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

Oil prices steady, awaiting confirmation of surprise U.S. inventory build

Reuters LONDON – Oil futures steadied on Thursday as the market awaited confirmation of industry data that showed a surprise increase in U.S. crude stocks, which offset hopes for a demand recovery as coronavirus lockdowns ease. After tumbling on Wednesday, Brent crude futures were down 0.06%, or 2 cents, at $34.72 a barrel at 1311 GMT after dropping by more