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Oil Steadies After Two-Day Slump as Investors Eye Hormuz Traffic
Qatar said a proposal was drafted as Brent and West Texas Intermediate futures posted small gains after two days of steep losses.
Summary by WTVB
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8 Articles
Channel News Asia+3 Reposted by 3 other sources
Oil steadies after two-day slump as investors eye Hormuz traffic
PERTH, Aug 5 : Oil steadied on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the U.S.-Iran war and restore traffic through the blockaded Strait of Hormuz were making progress.Brent crude futures rose 26 cents, or about 0.33 per cent, to $79.62 a
·Singapore, Singapore
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Singapore: Oil continued to regress Wednesday after a sharp decline in the previous two trading sessions, as investors are waiting to see if efforts to end the conflict between the United States and Iran and resume navigation through the Strait of Hormuz are making progress.
Coverage Details
Total News Sources8
Leaning Left0Leaning Right3Center3Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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