Oil Price Today, Nov 5: Crude Steadies as Traders Balance US Stockpile Data and Trade Truce Hopes
The oil price today remains steady as global traders continue to weigh two major forces: rising US crude stockpiles and renewed optimism about a potential trade truce between the United States and China. After days of volatility, the market is showing signs of caution, as investors avoid making big moves before more economic data is released later this week.
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