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After SPR release, all eyes now on OPEC+

LONDON/NEW YORK: Oil prices were largely steady on Wednesday as investors questioned the effectiveness of a US-led release of oil from strategic reserves and turned their focus to how producers will respond. Brent crude was up 17 cents, or 0.2 percent, at $82.48 a barrel by 1605 GMT, while US West Texas Intermediate crude futures rose 7 cents, or 0.1 percent, to $78.56. The US

Oil is stabilizing while investors are questioning the reserve release, Reuters said

Price impact from oil reserves release unlikely to last long- JP Morgan

Any impact on oil prices from a release of crude from strategic petroleum reserves by the United States and other countries may not be sustained for long, JP Morgan Global Commodities Research said on Wednesday.

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