Oil steadies around $100
Oil prices are a little higher, with Brent hovering around $100 a barrel and WTI above $93. It's been well supported this week by comments from Saudi Arabia Energy Minister Abdulaziz bin Salman, who claimed there's a disconnect between market pricing and fundamentals, suggesting OPEC+ could cut output in the future.
Suddenly the prospect of a nuclear deal between the US and Iran, or a global growth slowdown, isn't quite the bearish development for oil that many hoped.
26-08-2022 06:56 GMT
by Craig Erlam
