(Bloomberg) -- Oil steadied after a two-day gain as traders assessed rising tensions in the Middle East, indications of higher US stockpiles, and the likely ...
-- Oil steadied after a two-day gain as traders assessed rising tensions in the Middle East, indications of higher US stockpiles, and the likely course of the Federal Reserve’s rate path.Brent traded near $74 a barrel after rising almost 3% over the previous two days, with West Texas Intermediate above $71. Hezbollah accused Israel of orchestrating an attack involving pagers in Lebanon that left a number of people dead and wounded thousands.
Crude remains markedly lower year-to-date, with China’s dour demand outlook and plans for OPEC+ to eventually bring back shuttered supply weighing on prices. That’s being offset by prospects for US monetary policy, with investors expecting that the Fed will start lowering rates later Wednesday, although there’s no consensus about the size of the cut.
Like a trail of breadcrumbs, there are signs this most cherished of American sports may still be played in a country that calls itself the ‘biggest enemy’ of the USCARACOLLO, Bolivia — Thousands of anti-government demonstrators marching in support of Bolivia’s former President Evo Morales clashed on Tuesday with counterprotesters blocking their way, a stark sign of an escalating power struggle in the volatile Andean nation.
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