Oil steadies near $98 with Brent's best month since July
Oil prices continued to stabilize near $98 a barrel after strong gains made last month, with Brent crude increasing by approximately 14% and West Texas Intermediate by 5%. There was a slight decline at the start of trading today, Thursday. Data indicates that the market is still reacting to last month's gains and maintaining its levels, amid expectations of sustained global demand and support from Middle Eastern tensions, despite some drawdowns in U.S. inventories.
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