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Oil prices steady as Syria concerns ease and China stimulus supports
Wednesday, 11 December 2024 03:25 WIB | OIL |Minyak WTIMinyak jenis Brent

Oil prices were little changed on Tuesday as concerns eased about the fallout from the overthrow of Syria's president while the market found support from Chinese stimulus that could boost demand from the world's biggest crude buyer.

Brent crude futures rose 5 cents, or 0.07%, to close at $72.19 a barrel. U.S. West Texas Intermediate gained 22 cents, or 0.32%, to settle at $68.59. Both benchmarks had risen more than 1% on Monday.

In Syria, rebels were working to form a government and restore order after the ousting of President Bashar al-Assad, with the country's banks and oil sector set to resume work on Tuesday.

Source: Reuters

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