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Oil prices were stable on Wednesday after going through a substantial decline in the initial session. The market is at a major risk due to the intensifying Sino-U.S. trade dispute. International Brent increased by 0.05% and was traded at $58.97 a barrel. WTI, on the other hand fell by 0.15%. Since the announcement by Trump to impose 10% tariff on Chinese imports, Brent has plunged more than 9%.