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Oil steadies as OPEC+ restraint balances interest rate concerns

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Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2 meeting and hopes of strong U.S. summer fuel demand balanced concern about higher-for-longer U.S. interest rates. On Monday, oil rose over 1% in muted trade owing to public holidays in Britain and the United States, with ...

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