il steadies after significant gain as dollar weakens and markets rise

Oil prices have remained stable after a significant increase, which was the largest gain in over five weeks.

The recent weakening of the dollar has contributed to this stability, as it has made oil and other commodities more affordable for international buyers.

The dollar index has declined for two consecutive sessions, coinciding with a broader positive sentiment in the markets. This positive momentum is also reflected in the rising stocks on Wall Street, and it is expected to extend to Asian markets as well.

The relationship between currency fluctuations and commodity pricing continues to shape market dynamics as investors navigate the current economic landscape.

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