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Raw material: oil is stabilizing

29/10/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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The oil price stabilized on Wednesday. Les investors assess the optimism generated by a meeting between leaders of the main consumers, the United States and China, in the face of a Expected increase in production quotas at the next meeting of OPEC+.

The price of Brent was up 11 cents, or 0.2%, at 64.51 dollars per barrel at 10:20 GMT, while the price of West Texas American Intermediate gained 6 cents, or 0.1%, to $60.21.

The expected drop in crude oil inventories and Fuels in the United States last week supported prices. The stocks of Crude oil fell by 4.02 million barrels during the week ending on October 24, market sources said, citing Tuesday figures from the American Petroleum Institute.

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