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Global Crude Prices Hold Near $58 as Supply Pressures Ease
Global oil prices hovered around $58 per barrel as supply pressures eased amid progress in geopolitical negotiations involving Russia and Ukraine. Market data showed reduced volatility compared to earlier weeks, with inventories in the US trending higher and OPEC output remaining stable. The decline in crude continued to support inflation-sensitive sectors across major economies. Energy equities traded mixed as investors assessed updated demand projections for early 2026.
Tags:
- global
- oil
Reuters• By Pooja Kumari
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neutral
Global Crude Prices Hold Near $58 as Supply Pressures Ease
Global oil prices hovered around $58 per barrel as supply pressures eased amid progress in geopolitical negotiations involving Russia and Ukraine. Market data showed reduced volatility compared to earlier weeks, with inventories in the US trending higher and OPEC output remaining stable. The decline in crude continued to support inflation-sensitive sectors across major economies. Energy equities traded mixed as investors assessed updated demand projections for early 2026.
Tags:
- global
- oil
Reuters• By Pooja Kumari
Explore:Mutual Fund AI Screening
1 min read
67 words
Crude held near $58 as supply stabilized and inventories rose, easing inflation pressure and reducing market volatility across global trading sessions.
Global oil prices hovered around $58 per barrel as supply pressures eased amid progress in geopolitical negotiations involving Russia and Ukraine. Market data showed reduced volatility compared to earlier weeks, with inventories in the US trending higher and OPEC output remaining stable. The decline in crude continued to support inflation-sensitive sectors across major economies. Energy equities traded mixed as investors assessed updated demand projections for early 2026.
Global oil prices hovered around $58 per barrel as supply pressures eased amid progress in geopolitical negotiations involving Russia and Ukraine. Market data showed reduced volatility compared to earlier weeks, with inventories in the US trending higher and OPEC output remaining stable. The decline in crude continued to support inflation-sensitive sectors across major economies. Energy equities traded mixed as investors assessed updated demand projections for early 2026.
Tags:
- global
- oil
- global
- oil
- commodities
- markets