July 28, 2020
Source: Reuters

Oil prices steady but demand concerns

Oil prices were steady on Tuesday. Efforts to stimulate the U.S. economy’s recovery from the coronavirus crisis had raised hopes for stronger oil demand. Brent crude was unchanged at $43.41 a barrel. U.S. WTI crude fell 14 cents, to $41.46 a barrel. Both benchmarks rose as much as 0.5% earlier in the session. A weakening of the dollar typically helps improve demand as that makes crude cheaper for global buyers.

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