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Oil Prices Steady as Middle East Supply Signals Offset Demand Concerns
Global crude oil prices traded largely stable as markets assessed supply signals from major Middle Eastern producers alongside demand concerns tied to slowing European activity. Brent prices hovered near the $58 per-barrel level with subdued trading volumes. Analysts monitored production decisions from key exporters and upcoming US inventory data for direction.
Tags:
- global
- oil
Reuters• By Pooja Kumari
Explore:High Return Equity Mutual Fund
neutral
Oil Prices Steady as Middle East Supply Signals Offset Demand Concerns
Global crude oil prices traded largely stable as markets assessed supply signals from major Middle Eastern producers alongside demand concerns tied to slowing European activity. Brent prices hovered near the $58 per-barrel level with subdued trading volumes. Analysts monitored production decisions from key exporters and upcoming US inventory data for direction.
Tags:
- global
- oil
Reuters• By Pooja Kumari
Explore:High Return Equity Mutual Fund
1 min read
51 words
Oil remained steady near $58 as supply signals from Middle Eastern producers balanced concerns over softer European demand.
Global crude oil prices traded largely stable as markets assessed supply signals from major Middle Eastern producers alongside demand concerns tied to slowing European activity. Brent prices hovered near the $58 per-barrel level with subdued trading volumes. Analysts monitored production decisions from key exporters and upcoming US inventory data for direction.
Global crude oil prices traded largely stable as markets assessed supply signals from major Middle Eastern producers alongside demand concerns tied to slowing European activity. Brent prices hovered near the $58 per-barrel level with subdued trading volumes. Analysts monitored production decisions from key exporters and upcoming US inventory data for direction.
Tags:
- global
- oil
- global
- oil
- commodities
- energy