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Article Summary
- Oil prices remain stable as ceasefire between Israel and Hezbollah takes effect
- Concerns about potential disruptions in oil supply due to conflict
- Impact of ceasefire on global oil markets and prices
- Analysis of geopolitical tensions in the Middle East and their effect on oil prices
- Potential implications for the energy industry and investors
- The tone of the URL is informative and analytical.
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Oil Prices Stable As Israel-Hezbollah Ceasefire Takes Effect
Crude oil prices remained stable today as a ceasefire between Israel and Hezbollah took effect, suggesting the end of violence in the oil region could be in sight. Separately, expectations that OPEC+ will extend its production cuts on Sunday helped keep the benchmarks steady. Brent crude was trading at $72.88 per barrel at the time of writing, with West Texas Intermediate at $68.80 per barrel, bot...
https://oilprice.com/Latest-Energy-News/World-News...
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