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Oil settles near stability on Tuesday

Oil settles near stability on Tuesday

Mubasher: Oil futures stabilised at Tuesday’s settlement, amid uncertainty regarding OPEC’s stand on supply.   

July Nymex WTI inched down $0.01, or 0.02%, to close at $53.27 per barrel. 

The so-called OPEC+ alliance are due to meet later this month or early next to decide on production policy for the second half of the year.