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Oil prices stable amid economic uncertainty, OPEC+ supply fears - REUTERS

APRIL 28, 2025

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LONDON, April 28 (Reuters) - Oil prices were stable on Monday as investors weighed up uncertainty over trade talks between the U.S. and China, clouding the outlook for global growth and fuel demand, as well as the prospect of OPEC+ raising supply.

Brent crude futures were down 13 cents, or 0.19%, at $66.74 a barrel, as of 0902 GMT. U.S. West Texas Intermediate crude shed 12 cents, or 0.19%, to $62.90 a barrel.

Brent futures rose marginally in the previous two sessions, but nonetheless marked a week-on-week decrease of over 1% on Friday on concerns about the impact of tariffs on the global economy.

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