Oil prices hold near 2-week high amid West Asia risks, China stimulus

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Oil prices hold near 2-week high amid West Asia risks, China stimulus - Business Standard

Quick Summary:

Analysts forecast energy firms added about 0.9 million barrels of oil to US stockpiles during the week ended March 14.

In the US, the world's biggest economy, retail sales rebounded marginally in February as consumers pulled back on discretionary spending, reinforcing the growing uncertainty over the economy against the backdrop of tariffs and mass firings of federal government workers.

Those price gains were held in check as the market waited for news from talks between US President Donald Trump and Russian President Vladimir Putin over a possible ceasefire in Ukraine, which could ease sanctions on Russian fuel exports.