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Oil steadies on course for its least volatile week since 2021
Oil eased as a brief outage on North America’s Keystone pipeline failed to shake prices out of what is set to be the smallest weekly range in years. Global benchmark Brent traded just under US$83 a barrel, after erasing earlier gains; U.S. benchmark West Texas Intermediate slipped further away from the $80 mark. Pipeline operator TC Energy Corp. confirmed Keystone’s integrity, adding that service was temporarily suspended “as a precautionary measure” and that no crude was released. Oil has traded in a tight band this year, with even less volatility this week, confining Brent prices to their narrowest range ... (full story)