💨 Abstract

Oil prices stabilized on Wednesday due to OPEC+ production cuts and Middle East conflict uncertainties, but were held back by an anticipated supply surplus in 2025. Prices dropped 4% to a near two-week low on Tuesday due to a weaker demand outlook and reports of Israel not planning to attack Iranian nuclear and oil sites. Brent crude rose 0.2% to $74.41,

Courtesy: theprint.in

Summarized by Einstein Beta 🤖