Oil News

Crude oil steady around the $81 mark as traders await on recovery news

Crude oil steady around the $81 mark as traders await on recovery news

Crude oil steadied along with equities as energy traders looked to stocks for signals of the strength of an economic recovery and fuel demand. Prices will probably fall to $60 a barrel during the fourth quarter of the year, Adam Sieminski, the chief energy economist at Deutsche Bank AG in Washington, said on Bloomberg Television.