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Crude oil prices remained steady today, reflecting stability in the global energy markets. Brent crude, the international benchmark, was trading at $71.84 per barrel, while West Texas Intermediate (WTI), the U.S. benchmark, stood at $68.07 per barrel.
The steadiness in oil prices comes amid balanced market dynamics. On one hand, concerns over global economic slowdown and reduced demand continue to weigh on prices. On the other, supply cuts by OPEC+ have helped stabilize the market, preventing significant declines. Additionally, geopolitical factors, including ongoing discussions about oil supply policies, have kept traders cautious but optimistic about market balance.
