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Oil prices look to bounce off 2025 lows after Saudi price hike for Asian buyers

Summary by MarketWatch
Oil found some support Thursday from an increase in Saudi Arabia’s crude prices for Asian buyers, which implied strength in crude demand. But a hefty rise in last week’s U.S. supplies and uncertainty surrounding tariff disputes helped weaken the outlook for crude demand.

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Bloomberg broke the news in United States on Wednesday, February 5, 2025.
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