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Oil markets stable, but doubts over recent bull run emerge

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices held steady on Thursday after falling late in the previous session, supported by ongoing supply cuts led by OPEC and Russia.However, traders said a price rally that has pushed up Brent crude futures by more than 40 percent since July may have run its course due to increases in U.S. supplies and some indicators of a demand slowdown."Prices may have reached a short-term peak," said Fawad Razaqzada, analyst at futures brokerage futures were at $63.50 per barrel at 0818 GMT, virtually unchanged from their last close. But that is ...

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First Published: Thu, November 09 2017. 14:01 IST