Oil Prices Steady Amid Signals of Tight Market Conditions

Reported about 9 hours ago

Oil prices remain steady as US economic data suggests resilience despite trade tensions, with Brent surpassing $69 a barrel. Despite an increase in global crude stockpiles, tight conditions are indicated by backwardation in futures markets, particularly for diesel in Europe and the US, raising questions about the sustainability of this price strength.

Source: YAHOO

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