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Oil Price Fluctuations Amid Geopolitical Tensions
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Oil prices experience fluctuations due to geopolitical concerns, economic worries, and Red Sea shipping tensions. Despite these factors, the market remains steady with a focus on U.S. interest rate cuts and growth concerns.
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How does the stability of the U.S. stock market, as indicated by the Nasdaq's worst day since October, influence investor sentiment and market dynamics?
How might geopolitical tensions and Red Sea shipping disruptions impact global oil supply and demand?
What are the potential implications of the U.S. Federal Reserve's rate cuts and growth concerns on the oil market?
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