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Market Impact: 0.35
Oil Prices Edge Lower As Supply Concerns Ease
Source: Nasdaq
Energy Markets & PricesCommodities & Raw Materials
Oil prices declined Wednesday after industry data showed an unexpected increase in U.S. crude inventories, signaling softer near-term supply-demand balances. Reports that Saudi Arabia is offering additional crude to Asian refiners via ship-to-ship transfers off Sohar, Oman, added to concerns of greater available supply.
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