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Oil Rises After Biggest Drop Since 2020 as Hormuz Stays Blocked

Energy Markets & PricesCommodities & Raw Materials

Photo caption: a pumpjack near Crane, Texas, highlighting the Permian Basin. The Permian Basin, under Texas and New Mexico, is described as North America's most prolific shale region.

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Photo caption: a pumpjack near Crane, Texas, highlighting the Permian Basin. The Permian Basin, under Texas and New Mexico, is described as North America's most prolific shale region.

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