Oil prices steadied following a two-day decline as investors carefully weighed mixed signals from the market. On one hand, signs of a supply glut raised concerns, while on the other, the impact of Western sanctions on Russian producers added uncertainty.
This delicate balance kept oil trading relatively stable as market participants assessed the ongoing developments and their potential effects on future supply and demand dynamics.
https://www.bloomberg.com/news/articles/2025-10-27/latest-oil-market-news-and-analysis-for-oct-28