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Oil set for sharp weekly drop after U.S. midterms raise hopes of more Mideast crude exports
Source: The Globe and Mail
Energy Markets & PricesGeopolitics & WarElections & Domestic PoliticsCommodities & Raw Materials
Oil prices were set for a sharp weekly decline after Republican losses in the U.S. midterm elections raised hopes of de-escalation in the U.S.-Israeli war on Iran. Continued attacks on vessels in the Middle East are providing a floor for prices.
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