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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Oil Prices Steady as Russia Supply Fears Meet Asian Demand Concerns

Oil United States Russia Asia Bulgaria Covid-19 Poland Economic Growth Texas
Pump jacks operate at sunset in an oil field in Midland, Texas, US August 22, 2018. REUTERS/Nick Oxford

Oil was broadly steady on Wednesday after Russia cut gas supplies to Bulgaria and Poland, although lingering concerns about Asian coronavirus lockdowns weighing on economic growth and oil demand kept a lid on prices.

Having dipped into negative territory, Brent crude futures rose 26 cents, or 0.3%, to $105.25 a barrel by 0823 GMT.

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