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05 Jun 2025

Oil prices steady; U.S. demand concerns caused losses

Oil prices rose slightly on Thursday, stabilizing after losses following a significant increase in U.S. gasoline and distillate inventories, while also being impacted by a price cut from top producer Saudi Arabia.

Brent crude futures fell by 0.2% to $64.75 per barrel, while West Texas Intermediate (WTI) crude futures dropped by 0.2% to $61.74 per barrel

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