Key Points
LONDON (Reuters) -Oil prices steadied on Wednesday, stabilising from losses in the previous session, as growing expectations that cuts to U.S. interest rates will take longer than thought balanced ongoing concerns over attacks on shipping in the Red Sea...
Brent crude futures fell by 14 cents, or 0.17%, to $82.20 a barrel by 1511 GMT, while U.S. West Texas Intermediate crude futures (WTI) were lower by 9 cents, or 0.12%, at $76.95...
The Brent and WTI contracts fell from near three-week highs on Tuesday, dropping by 1.5% and 1.4%, respectively...
The premium of front-month April Brent futures over September contracts known as backwardation, and a sign of a tightly supplied market hit its highest since Oct. 31 on Monday at $3.64 a barrel, though has since cooled off to around $3.50...
Brent has regained a measure of its historic behavioural tendency to track equities, in recent times and this has tied some of its moves into the debate on the path of interest rates that are influencing equities, Investec head of commodities Callum Macpherson told Reuters...
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