Oil steadies after falls as weak economy offsets supply risks

Oil steadies after falls as weak economy offsets supply risks

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Oil prices gained more than $2 a barrel on Monday on supply jitters, as a key pipeline supplying the United States closed and Russia threatened a production cut even as China's loosening COVID-19 restrictions bolstered the fuel demand outlook. Brent crude futures were up $1.90, or 2.54%, at $78.03…

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