Oil prices steady as investors take stock of banking crisis

Both contracts hit their lowest in more than a year this week and are set to post their biggest weekly falls since December at about 10%. Oil and other global assets were undercut this week as the collapse of Silicon Valley Bank (SVB) and Signature Bank sent the U.S. and Swiss governments scrambling to shore up liquidity at banks.

from Energy-Industry-Economic Times https://ift.tt/4u96fDx