Oil Steady as OPEC Says It Could Offset Iranian Supply Loss
WTI trades near $71 a barrel after 0.9% decline on Friday/ Oil steadied near $71 as OPEC signaled it could fill in any supply gap if renewed U.S. sanctions curtail shipments from Iran, the group’s third-largest producer./ Futures in New York were little changed after sliding 0.9 percent Friday. Three members of the Organization of Petroleum Exporting Countries -- Saudi Arabia, Kuwait and the United Arab Emirates -- together have enough capacity to act as a , the U.A.E. energy minister said. Meanwhile, Iran called for clarity over its ...
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