Oil steady as markets weigh higher US stockpiles, OPEC+ supply plans

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Oil prices were little changed in early Asia trade on Wednesday as market participants weighed higher U.S.crude oil and fuel inventories as well as the likelihood of OPEC+ extending supply cuts.

Brent crude futures fell 2 cents, or 0.03 per cent, to $73.60 a barrel by 0145 GMT, while U.S.

The comment followed the deadliest day since Israel and Hezbollah agreed a ceasefire last week.

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Category: EconomyBusiness

Markets: SingaporeIsraelSouth KoreaLebanon

Topics: Week Prices Tuesday Last Crude Market Barrel Texas Wednesday Cuts Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 09:53:33 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24108179

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 1 hours ago

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