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Brent steady as US weighs easing curbs on global ‘shadow fleet’
HOUSTON: Brent crude was little changed on Thursday as investors weighed possible US steps to ease restrictions on the world’s “shadow fleet” of tankers, while conflict in the Middle East kept a geopolitical risk premium in the market. The international benchmark settled down 14 cents, or 0.13 percent, at USD105.92 a barrel. US West Texas Intermediate crude futures settled up USD2.88, or 3.03 percent, to USD97.97 a barrel, after a large US crude stock draw helped support prices. The shadow fleet discussions are happening days after President Donald Trump temporarily lifted sanctions on Russian...
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