Oil Steady After Three-Day Drop With Focus on Russia, Stockpiles
Update: 2025-10-29
Description
Oil prices steady as sanctions loom, global surplus uncertainty, and US-China talks in focus. Despite a brief drop, Brent crude hovers above $64 and WTI under $60. Sanctions on Russian producers may not significantly impact supply, with Indian refiners weighing options. OPEC Plus considers another production increase, adding to global surplus concerns. Traders await US inventory data and US-China talks for market direction.
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