Oil prices steady as OPEC retains demand forecasts By Reuters
From Investing.com:
Oil prices remained stable on Tuesday as OPEC maintained its forecast for demand growth this year and next. Brent crude futures for May delivery increased by 24 cents to $82.45 a barrel, while the April U.S. West Texas Intermediate (WTI) crude contract rose 31 cents to $78.24. Despite OPEC’s positive demand outlook, recent data from China has shown weakening demand, raising concerns for the market. Geopolitical tensions in the Middle East, especially in Israel and Lebanon, also add uncertainty to oil prices. The conflict between Russia and Ukraine further contributes to the oil market volatility.
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