| Despite an attempted military coup in Turkey oil prices were steady on Monday, supported by favorable growth data reported by the U.S. and China. But a looming glut of oil products could put pressure on the market, The Wall Street Journal reports.
The global benchmark, Brent, was trading up 0.1% at $47.66 a barrel. Its U.S. counterpart, West Texas Intermediate, was trading down 0.02% at $45.94 a barrel. The instability over the weekend in Turkey fueled fears that the flow of oil through Turkish waters, an important route for shipping and trading, could be hindered...............................................Full Article: Source
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