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Oil prices steady, caught between Saudi supply reassurances and trade fears - Reuters
Oil prices steady, caught between Saudi supply reassurances and trade fears  Reuters

Oil prices held steady on Monday following last week's heavy losses, as deepening U.S. trade wars fanned fears of a global economic slowdown but top oil exporter Saudi Arabia sought to calm markets. Saudi, the de-facto leader of OPEC, indicated that the group of oil producers together with Russia would continue managing global crude supplies to avoid a surplus. "We will do what is needed to sustain market stability beyond June. To me, that means drawing down inventories from their currently elevated levels," Saudi Energy Minister Khalid al-Falih said. Front-month Brent crude futures were at...

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