Oil prices remained stable after a previous session increase, influenced by concerns over potential Russian supply disruptions due to Ukrainian refinery attacks. Market sentiment was also affected by the U.S. Federal Reserve’s anticipated interest rate cut, which could stimulate fuel demand. Geopolitical tensions in the Middle East and progress in U.S.-China trade talks further contributed to market dynamics.
Astral shares drop 6% after demerger. What should investors do?
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.