CRUDE OIL LATEST NEWS BY SHREEMCX

Oil prices held steady and supported by healthy global demand but capped by the relentless rise in U.S. production that is undermining efforts led by producer cartel OPEC to cut supplies and prop up markets.

Prices were receiving support from healthy demand. The Organization of the Petroleum Exporting Countries (OPEC) said that oil consumption was expected to grow by 1.62 million barrels per day.

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