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Oil market stabilizes, analysts: market bets on de-escalation of the situation in Russia
Jin10 reported on October 24 that Vandana Hari, founder of the oil market analysis provider Vanda Insights, stated: “Crude oil prices are stabilizing, with some profit-taking occurring, indicating that the market is not panicking over Russian supplies. The market may enter a wait-and-see mode until the situation reaches its next turning point, which could be an escalation or a de-escalation. It seems the market is betting on the latter.”