Oil steadies after drop as Israel sees progress on ceasefire
Tue, Nov 26, 2024 8:43 AM

Oil steadies after drop as Israel sees progress on ceasefire

A Flip by Avya Verma
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Oil prices steadied near $69 a barrel after a sharp decline, as Israel edges closer to a ceasefire with Hezbollah, potentially reducing Middle Eastern crude supply risks. Oil has been trading in a tight range due to geopolitical risks and expectations of a glut next year, amid OPEC+ meeting and new tariff threats from the US.

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