💨 Abstract

Oil prices were steady on Thursday, with investors weighing strong winter fuel demand against large builds in U.S. fuel inventories and macroeconomic concerns. Brent crude fell 6 cents to $76.1, while WTI fell 5 cents to $73.27. JPMorgan expects oil demand to increase 1.4 million barrels per day in January, driven by increased heating fuel consumption in the Northern Hemisphere.

Courtesy: theprint.in

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