Oil Steadies as Traders Weigh Up Surplus Concerns and Sanctions

Oil steadied after posting two weekly declines, as traders weighed concerns about a looming global glut and the fallout from US sanctions against Russian producers at the start of a...

By Rong Wei Neo · Bloomberg Markets

Oil steadied after posting two weekly declines, as traders weighed concerns about a looming global glut and the fallout from US sanctions against Russian producers at the start of a data-heavy week.