Oil steadies but rattled by concern about OPEC’s clout

09 May 2017, London — Oil rose on Tuesday but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has shaken investors’ faith in the ability of OPEC to rebalance the market. Brent crude futures were up 9 cents at $49.43 per barrel at 1110 GMT (7.10 a.m. ET), […] More »