💨 Abstract
Oil prices were stable on Tuesday, awaiting OPEC's monthly report for price direction. Prices had previously dropped due to China's stimulus plan being seen as insufficient and oversupply concerns. The market is anticipating further downward revisions in demand from OPEC's outlook through 2025. The US dollar's strengthening also added pressure on oil prices.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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