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Oil prices down with weak demand in US

Oil prices showed limited declines on Thursday with a demand drop in the US, although global geopolitical tension put upward pressure on prices. International benchmark Brent crude traded at $89.20 per barrel at 10.49 p.m. local time (0749GMT), a 0.17% drop from the closing price of $89.35...

Oil up due to escalating geopolitical tensions

Oil prices increased on Thursday due to supply concerns fueled by Russia’s decision to implement output cuts and the unsuccessful attempts to bring about a cease-fire in the Gaza Strip. International benchmark Brent crude traded at $85.70 per barrel at 10.46 a.m. local time (0746 GMT), a...