By Stephanie Kelly LONDON (Reuters) -Oil prices edged lower on Wednesday, as investors weighed the International Energy Agency’s prediction of a supply surplus in 2026 and trade tensions between the United States and China that could curtail demand. Brent crude futures fell 21 cents, or 0.3%, to $62.18 a barrel by 0854 GMT, while U.S….
By Sam Li and Jeslyn Lerh (Reuters) -Oil prices fell in early trade on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency’s warning of a supply surplus in 2026 and U.S.-China trade tensions that could hurt demand. Brent crude futures fell 12 cents, or 0.19%, to $62.27 a barrel…
Crude oil prices were set for their first weekly gain since late November on news that the U.S. was considering additional sanctions against Russia and Iran. The potential of such a move disrupting the supply balance lent upward momentum to prices. The latest report of fresh China stimulus measures meanwhile continued to support the benchmarks…