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Oil Prices Steady Amid Ceasefire, Trump Eyes Israel Visit

10/9/2025

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Summary

Story summary

Oil prices held steady on October 9, 2025, as an Israel-Hamas ceasefire may ease regional tensions.
President Donald Trump announced a potential visit to Israel after the hostage release deal.
U.S. crude stockpiles rose for the second straight week, but stay near seasonal lows.
Goldman Sachs projects Brent crude averaging $56 per barrel next year due to oversupply.

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Story summary

Oil prices held steady on October 9, 2025, as an Israel-Hamas ceasefire may ease regional tensions.
President Donald Trump announced a potential visit to Israel after the hostage release deal.
U.S. crude stockpiles rose for the second straight week, but stay near seasonal lows.
Goldman Sachs projects Brent crude averaging $56 per barrel next year due to oversupply.