Oil prices steadied on Wednesday as investors weighed optimism over a meeting between the leaders of top consumers the U.S. and China against an expected increase in production quotas from the next OPEC+ meeting. Brent crude futures were up 11 cents, to $64.51 a barrel, while U.S. West Texas Intermediate crude futures gained 6 cents, to $60.21.
The tariff offensive that President Trump is leading against trade partners across the world will deal a blow to the oil and gas industry next year, according to a report by Deloitte.
Curious Minds Corner
What drilling fluid is commonly called “mud”?
Mud—a mixture of water, diesel or synthetic oil and additives for control and safet