Business

Oil Steadies With Fed Rate Stance Balanced by Supply Concerns

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“Despite hawkish central banks fueling higher interest rates and a soft economic outlook, oil continues to see upside as supply-side issues keep sentiment bullish,” said James Whistler, managing director at Vanir Global Markets Pte in Singapore. “There is momentum for an OPEC production cut, with Congo and Libya supporting Saudi Arabia’s views, while Kazakhstan has ongoing supply issues.”



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