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Market Impact: 0.55
Oil gains as traders weigh prospects of Hormuz reopening
Source: The Globe and Mail
Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply Chain
Oil prices rose on Thursday after an earlier decline as investors weighed signals of progress toward reopening the Strait of Hormuz alongside ongoing Middle East supply risks. The net effect points to a still-uncertain supply outlook, supporting a likely sector-level price reaction rather than a one-off company-specific move.
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