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Market Impact: 0.35
Oil Little Changed On Easing Supply Concerns
Source: Nasdaq
Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials
Oil prices edged higher after three straight session declines, supported by signs of diplomatic progress in the Middle East near the Strait of Hormuz. With roughly one-fifth of global oil transported through the waterway, improving geopolitics modestly eased risk premia. The move is incremental rather than trend-changing, suggesting limited near-term upside pressure.
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