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Market Impact: 0.55
Oil falls about 3% on talks over diesel, crude stock releases
Source: The Globe and Mail
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & War
Oil prices fell about 3% and European gasoil futures declined more than 5% after reports of talks on additional diesel and crude stock releases. The prospective releases would ease concerns over tight global energy supplies, pressuring energy commodity prices while potentially reducing fuel-cost inflation risks.
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