Oil prices remain steady as high inventories balance US debt bill development
Oil prices remain steady as rising inventories in the US overshadow news of likely pauses in US interest rate hikes and a crucial vote on the US debt ceiling bill. China, has given mixed signals about its demand, and industry statistics suggest an increase in US crude inventories.
Oil prices held steady on Thursday as news of rising inventories in the largest oil consumer in the world overshadowed likely pauses in US interest rate hikes and the passage of the crucial vote on the US debt ceiling bill.
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