Crude oil highly volatile

Oil prices dipped on Thursday as demand concerns tied to a global economic slowdown grew.

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Brent crude futures traverse a narrow range of $75–78/barrel, while US WTI crude hovers under $73/barrel.

Both benchmarks settled over 1% higher on Wednesday, supported by Saudi Arabia's plans for deep output cuts

Price gains remain capped by rising US fuel stocks and weak Chinese export data.

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