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Article Summary
- Oil prices remain stable as ceasefire between Israel and Hezbollah goes into effect
- Concerns about potential disruptions to oil supply due to tensions in the Middle East
- Impact of geopolitical conflicts on global oil markets
- Analysis of the potential implications of the ceasefire on oil prices
- Market stability and outlook for oil prices in the near future Tone: Objective and informative
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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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