Commodities: Oil Holds Firm As Middle East Breakthrough Remains Elusive

What happened: Oil prices remain well-supported, with a recurring pattern of sliding early in the session and then recovering, as a Middle East breakthrough remains elusive. Why it matters: The content states oil remains well-supported and that a Middle East breakthrough remains elusive, which the authors present as the backdrop for current price behavior.

Oil prices remain well-supported, with a recurring pattern of sliding early in the session and then recovering, as a Middle East breakthrough remains elusive.

The content states oil remains well-supported and that a Middle East breakthrough remains elusive, which the authors present as the backdrop for current price behavior.