(Bloomberg) — Oil steadied after its biggest surge since June as the OPEC cartel and its partners prepared to assess a downbeat outlook for the crude market.Futures slid 0.1% in New York to trade near $40 a barrel. Earlier, oil joined other commodities and European stocks in moving lower as the dollar climbed, though later steadied, after Federal Reserve Chair Jerome Powell highlighted uncertainty about the economic rebound.The OPEC+ Joint Ministerial Monitoring Committee convenes at 2 p.m. Vienna time to assess whether vast production cuts they’ve made are tackling a global oversupply.The coalition is still working to get all members …read more
Source:: Yahoo Finance
