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Oil Prices Stable Amid US Demand Worries And Middle East Tensions

Oil United States Covid-19 Middle East

A view shows oil terminal Kozmino near Nakhodka

Global oil prices have remained steady as the market continues to assess concerns over US demand and risks related to conflicts in the Middle East.

The oil market has been closely monitoring the impact of weakening demand in the United States, which has been attributed to factors such as rising COVID-19 cases and economic uncertainties. These concerns have led to fluctuations in oil prices as investors weigh the potential implications on global oil consumption.

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