Oil prices tread water as ongoing supply glut is met by firm demand @WWW.MCXRESEARCHGURU.COM 8859222859

Oil markets were treading water on Tuesday, supported by firm demand but weighed down by ongoing high supplies from producer club OPEC and also the United States.

Brent crude futures, the international benchmark for oil prices, were at $48.39 per barrel at 0634 GMT, down 3 cents from their last close.

U.S. West Texas Intermediate (WTI) crude futures were down 4 cents at $45.98 per barrel.

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