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Market Impact: 0.45
Oil prices extend losses on expectations talks to ease Middle East supply woes
Source: reuters.com
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply ChainCommodities & Raw Materials
Oil prices fell on Thursday, extending a multi-day losing streak, as expectations grew that Iran–Qatar talks could ease risks at the Strait of Hormuz and reduce Middle East supply disruptions. The implied upside to supply risk moderates the oil price outlook, sustaining bearish pressure into the next sessions.
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