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Oil prices rise amid anticipation of supply recovery
Oil prices slightly increased today, as markets focused on the recovery of oil supplies and global demand prospects. Brent crude rose by 38 cents to reach $72.37 per barrel, while U.S. West Texas Intermediate advanced by about 30 cents to $68.85. Analysts stated that the restoration of supplies alleviated the geopolitical risks that previously supported prices, but the market remains cautious about the stability of the current ceasefire, especially amid tensions between the United States and Iran. Future price trends will depend on demand indicators, particularly from China.
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