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May 16, 2025 8:32 PM

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Oil Prices Rise Slightly on Easing US-China Tensions, Capped by Supply Outlook

Oil prices edged up today amid easing US and China trade tension, but gains were capped due to higher supply expectations from Iran and OPEC+. Brent Crude was trading over 0.3 per cent up at 64 dollars and 77 cents per barrel. WTI Crude was also trading over 0.3 per cent up at 61 dollars and 83 cents per barrel when reports last came in.