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Market Impact: 0.42
Oil falls on increased Gulf supply and hopes for US-Iran talks
Source: reuters.com
Energy Markets & PricesGeopolitics & WarTransportation & Logistics
Oil prices edged lower as Saudi Arabia began restoring crude supply through a critical pipeline to the Red Sea. Prices were also pressured by expectations that UN talks in New York could produce a diplomatic resolution to the US-Iran war, reducing perceived geopolitical supply risk.
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