Oil steadies as supply outlook tempers fallout from US freeze
Photo caption: Oil Oil steadied as traders focused on the outlook for plentiful supply, while monitoring the fallout from a sweeping US winter storm.
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Oil has been the world’s most important source of energy since mid-1950s. Its products underpin modern society, supplying energy to power industry, heat homes, fuels for vehicles and various means of transportation to carry goods and people all over the world.
For this reason, it is important we stay informed on one of our high-priced goods to ensure our resources are safe and secured.
