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Oil steadies after weekly decline on US interest rate prospects

LONDON :Oil prices made marginal advances in muted trade owing to public holidays in Britain and United States after a downbeat week characterised by the outlook for U.S. interest rates in the face of sticky inflation. The Brent crude July contract was up 56 cents at $82.68 a barrel by 1233 GMT. The more act ....

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Oil steadies after weekly decline on U.S. interest rate prospects, ET Auto

"Sentiment in the oil complex . has been skittish as investors are constantly recalibrating expectations for the Federal Reserve s monetary policy trajectory," said Vandana Hari, founder of oil market analysis provider Vanda Insights. ....

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