Commodities
Oil Prices Steady at $100 Threshold Amid Middle East Geopolitics
Oil prices have steadied near the $100-a-barrel threshold as conflicting signals from the Middle East and policy moves affect fuel availability.
Brent crude is down 3 cents to $102.28 a barrel, while West Texas Intermediate (WTI) eased 19 cents to $92.68, reflecting offsetting supply and geopolitical risks.
The U.S. is pressuring EU nations to release 120 million barrels of diesel over the next six months or face a potential ban on U.S. diesel exports, impacting global fuel stocks.
Chinese refiners have suspended October oil product exports to preserve domestic supplies, intensifying supply security concerns and supporting price levels near $100.