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Oil prices steady on prospect of balancing supply after steep selloff

Por: CNBC Business September 27, 2022

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An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey.Anadolu Agency Getty ImagesOil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in the U.S. dollar, tempered an earlier selloff. futures rose 26 cents, or 0.3%, to $84.32 per barrel by 0033 GMT, while futures were up 19 cents at $76.90 per barrel. Both benchmarks sank by... + full article



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