Oil prices steady after sharp decline last week, Brent crude at $77.43 bbl
Economy
- 6-02-2024, 09:07
INA-source
Oil prices remained steady on Monday, February 5, as a strong U.S. job report which curbed sharp falls last week dampened hopes of swift rate cuts, but a U.S. pledge to continue air strikes in the Middle East kept geopolitical tensions high.
Brent crude futures gained 10 cents, or 0.1%, to $77.43 a barrel by 1420 GMT, while U.S. West Texas Intermediate futures were flat at $72.28 a barrel, according to news agency Reuters.
Source- livemint
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