Oil Steady Near Lowest Since June With Oversupply Fears in Focus

(Bloomberg) — Oil was steady near a five-month low with oversupply concerns in focus after OPEC+’s pledges to extend and deepen output cuts failed to halt a slump in prices.Most Read from BloombergAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesJack Ma’s Biggest E-Commerce Rival Is Coming for AmazonWall Street Holds Back on Big Bets Before CPI Test: Markets WrapBitcoin’s Largest Decline in Four Months Frays Startling RallyA Record High Is in the Cards for US Stocks in 2024West Texa