Oil Prices Steady Amidst Competing Supply Factors from Iran and Venezuela
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Oil Prices Steady Amidst Competing Supply Factors from Iran and Venezuela

Oil prices remained stable as investors weighed conflicting supply factors. Potential disruptions from Iran, fueled by intensifying protests and calls for oil industry strikes, could impact significant export volumes. However, expectations of Venezuela resuming oil exports, potentially releasing up to 50 million barrels to the U.S., are capping price increases. Geopolitical risks in Iran are noted, but the market awaits confirmed supply disruptions before a significant price reaction.

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