Crude oil futures remained stable as the market braced for the closely contested U.S. presidential election, leading to cautious trading and uncertainty.
OPEC+'s decision to delay planned production hikes due to weak demand and rising non-OPEC supply has provided recent support for oil prices.
As Libya resumes production and Iran increases output, the market faces potential supply growth, but disruptions from a tropical storm could counterbalance this.
The market is in a waiting game, with traders focused on upcoming data releases and events impacting global crude prices, reinforcing a bearish outlook.
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