Oil prices stabilize as banking deal eases some worries about crude appetite

Oil prices stabilized on Tuesday after falling early in the previous session on investor worries that recent banking-sector problems would weigh on the global economy and limit demand for crude. | Reuters

Brent crude futures for May settlement gained 5 cents and traded at $73.84 per barrel by 0049 GMT. U.S. West Texas Intermediate crude futures rose 9 cents to $67.73 a barrel.

In the previous session, both Brent and WTI fell about $3 a barrel before settling higher.Tuesday’s slight uptick in prices came after a historic deal in which UBS, Switzerland’s largest bank, agreed to buy Credit Suisse in an effort to save the bank.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

inquirerdotnet /  🏆 3. in PH

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kuwait Oil Company declares ‘state of emergency’ after oil spill on landThe Kuwait Oil Company declared a "state of emergency" on Monday following an oil spill on land, but said no injuries or disruption to production had been reported.
Read more »

Oil firms to lower pump pricesOIL companies will lower their pump prices on Tuesday, March 21, 2023.
Read more »

Marina sets release of P33M for oil spill cleanupThe Marina plans to release P33 million from its oil pollution management fund this week to finance the oil spill cleanup in Oriental Mindoro after an oil tanker capsized in the area. | TyronePiad /PDI
Read more »

Gasoline, diesel, kerosene prices down TuesdayOil firms are set to roll back the pump prices of petroleum products on Tuesday, marking the second straight week of downward adjustments for diesel and kerosene.
Read more »

Generally fair weather to prevail over PH on Tuesday — PagasaMANILA, Philippines — Generally fair weather will prevail over the country on Tuesday with only a small chance of rain due to localized thunderstorms, said the Philippine Atmospheric,
Read more »

Kerosene leads oil price rollbacksOil firms slashed the price of kerosene by P2 per liter effective 6 a.m. today (Tuesday) to reflect the movement
Read more »