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Oil Edges Lower With Focus on US Stockpiles, Supply Uncertainty

Oil edged lower as an industry report flagged another build in US crude stockpiles, as uncertainty over global supplies lingered.



Oil prices rose, settling above $72 a barrel, driven by supply uncertainties, including disruptions in Kazakhstan and potential OPEC+ production changes, as well as a weaker dollar. Additionally, increased demand for diesel due to cold weather contributed to the price hike.

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