Oil Stabilizes After Selloff Amid OPEC Reassessment and U.S. Funding Deal

Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 at 11:01 a.m. ET, as traders reassessed the latest OPEC shift toward a more balanced 2026 market outlook. The passage of the U.S. funding deal that ended the government shutdown removed one macro problem, but crude remained focused on supply signals rather than broader risk sentiment. The modest rebound contrasted with the equity rally highlighted by Bloomberg, where U.S. indices ad ...