Oil Steadies as Global Tensions Help Offset Oversupply Outlook [Yahoo! Finance]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Yahoo! Finance
Brent futures traded above $62 a barrel in thin Christmas Eve trading, up about 6% since closing at the lowest level in almost five years early last week, as the US ramps up pressure on Venezuela. Most Read from Bloomberg New York's Congestion Pricing Is Working. Five Charts Show How With Mamdani, the Humble Bus Gets Its Due As Zipcar Leaves London, Car-Share Boosters Are Looking for a New Ride When It Comes to US Transportation, 2025 Had Some Wins, Too The global benchmark is still on track for its biggest annual decline since 2020, with virtually all of the world's major oil traders foreseeing a glut next year after producers in and outside OPEC+ increased supplies. But concerns about disruptions — especially from OPEC+ members Russia and Venezuela — have helped keep a floor under prices. The US was still in pursuit of a third oil tanker off the coast of Venezuela, though nearly half a dozen tankers laden with crude have departed from the South American nation's coast
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