Oil prices stabilized slightly in Asian trade on Tuesday, recouping some losses from the prior week as hopes of a diplomatic thaw between Washington and Beijing helped to cool bearish sentiment. While structural headwinds persist in the form of rising output and soft demand, traders are cautiously repositioning. After a sharp drop late last week when President Trump threatened a 100 % tariff on Chinese exports, oil prices had slumped to near five-month lows amid fear of demand contraction. A ceasefire in Gaza only added to downward pressure due…
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