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Oil prices edge higher as markets track output signals from major producers
Global oil prices rose modestly as producers signaled potential supply adjustments, with traders monitoring inventories, shipping conditions, and geopolitical factors.
Oil benchmarks moved slightly higher after traders assessed new output signals from large producers. Recent statements indicated supply adjustments could be considered if demand softens, supporting price stability going into early 2026. Refining margins across Asia and Europe remained mixed, while shipping rates steadied after recent volatility.