Oil Prices Are Heading for Another Monthly Drop
Oil headed for a fourth monthly loss, as traders looked ahead to an OPEC+ meeting this weekend and gauged how a potential Ukraine peace deal may impact an oversupplied market....
By Bloomberg Markets · Bloomberg Markets
Oil headed for a fourth monthly loss, as traders looked ahead to an OPEC+ meeting this weekend and gauged how a potential Ukraine peace deal may impact an oversupplied market. Brent steadied above $63 a barrel, after a modest advance on Thursday, as an outage on the Chicago Mercantile Exchange caused disruptions to markets across equities, foreign exchange, bonds and commodities. Bloomberg’s Will Kennedy reports.