Posted 3/15/2024, 2:08:01 PM
Oil Prices Hit $85 as Supply Concerns Mount While White House Eyes Steel Industry Merger
- Brent futures break $85/barrel for first time since November on improving sentiment and supply constraints
- White House said to express concerns over Nippon Steel's $14.9B takeover bid for US Steel
- Russia to boost crude exports after drone strikes hit domestic refineries
- Mauritius emerges as new bunkering hub after traders suspend South Africa operations
- China's top smelters agree on production cuts as copper processing fees hit 10-year lows