Economic news

Oil prices strengthened

Oil markets steadied on Tuesday, supported by stable demand but still burdened by high supplies from OPEC and U.S. producers.

Brent crude fell 10 cents at $48.32 per barrel. U.S. light crude oil also down 10 cents and stopped at $45.92.

"We were stuck in a range that I think will be hard to change without any political factor involved into play," said Matt Stanley, fuel broker at Freight Investor Services.

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