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flag EU sanctions on Russian oil and potential U.S. tariffs keep oil prices steady amid economic uncertainty.

flag Oil prices stayed stable as investors watched the impact of new EU sanctions on Russian oil supplies and the possibility of tariffs weakening fuel demand. flag The EU's 18th sanctions package targets Russian energy revenues and affects India's Nayara Energy, a major exporter of oil products refined from Russian crude. flag U.S. oil rig counts fell to their lowest since September 2021, and U.S. tariffs on EU imports, set to start on August 1, add to economic uncertainty.

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