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Oil steady as Saudi Arabia pledges to play 'responsible role' in market [Reuters]

JP MORGAN CHASE (JPM)  More Company Research Source: Reuters
Last jp morgan chase earnings: 10/12 06:46 am Check Earnings Report
PDF Oil steady as Saudi Arabia pledges to play 'responsible role' in market | Reuters 2 Min Read SINGAPORE (Reuters) - Oil prices were steady on Tuesday as Saudi Arabia pledged to play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to U.S. sanctions against Iran’s crude exports that start next month. Front-month Brent crude oil futures LCOc1 were trading at $79.87 a barrel at 0120 GMT, 4 cents above their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $69.41 a barrel, up 5 cents from their last settlement. U.S. sanctions against Iran’s oil exports are due to kick off on Nov. 4, with Washington pressuring governments and companies worldwide to fall in line and cut imports from the Middle Eastern nation. Top crude oil exporter Saudi Arabia has pledged to keep markets supplied despite its increasing isolation over the killing of Saudi journalist Jamal Khashoggi. There has been concern that just as markets tighten on the ba [Read more]

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