Commodities
Oil Market Halts Slide Amid US-Iran Standoff
Crude oil futures have stabilized after early-week losses, as investors remain vigilant about the ongoing tensions between the US and Iran.
The standoff has been a major concern for the market, with investors monitoring the situation closely.
Last week, US commercial crude oil stocks rose modestly despite refinery utilization reaching its highest level since 2018.
However, US Secretary of State Marco Rubio reassured his foreign counterparts that 'for the time being' the US is not expected to initiate new strikes against Iran.