Oil market held steady as investors weighed the mixed outlook
The escalating tension in the Middle East and EU put a floor under prices. However, the uncertain economic outlook in China weighed heavily on the market confidence.
International benchmarks for crude oil concluded the trading session on Friday, 28 June little changes as traders took profit while assessing the swelling supply conditions against the Middle East tension.
Brent ended with 2 cents higher, closing at $86.41/barrel.
WTI fell 20 cents to settle at $81.54/barrel.
Both benchmarks locked in about a 6% gain month-on-month.
The escalating tension in the Middle East and EU put a floor under prices. However, the uncertain economic outlook in China weighed heavily on the market confidence.