10 hours ago
Oil Steady as Investors Watch for Trump's Plan on Iran Conflict
Oil steadied after a volatile trading week as the market focused on whether President Donald Trump will plunge the US into the conflict between Israel and Iran, which has raised concerns around supply disruptions.
West Texas Intermediate was near $75 a barrel after closing marginally higher on Wednesday, while Brent settled below $77. Prices have fluctuated in a range of around $8 this week, with volatility spiking, options getting more bullish, and key spreads significantly widening in backwardation.
