Latest Oil Market News and Analysis for Sept. 1 – Bloomberg
Oil steadied within its recent narrow band as traders focused on concerns of a potential glut and signals over Russian supply.
Brent traded near $68, staying in the $65-to-$70 range it’s been in for the last month. India rebutted mounting US pressure to end crude imports from Russia, with the country’s oil minister saying the purchases helped shield the global economy from price spikes. Prime Minister Narendra Modi met with Vladimir Putin at a regional summit in China.
