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Oil Holds Gains With China Demand and Geopolitical Risk in Focus

Oil steadied after a two-day gain, with the outlook for China’s economy and geopolitical risk in the Middle East remaining in focus.



Oil prices declined due to economic concerns and a potential crude oil glut, outweighing Middle East tensions. Traders view geopolitical risk premiums as selling opportunities, anticipating increased inventory and macroeconomic risks, while a global trade war threatens demand.

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