Oil Market May Absorb Maduro Shock Amid Abundant Global Supplies
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Oil Market May Absorb Maduro Shock Amid Abundant Global Supplies

Oil prices saw a slight increase, with US crude rising nearly 2% at one point, as the market anticipates potential disruptions. Analysts suggest that even significant disruptions are manageable due to abundant global supplies, particularly an expected oversupply in the first quarter driven by OPEC production and seasonally weak demand. This suggests the market may absorb shocks without substantial price hikes.

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