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Oil falls to two-week low as Gulf supply outlook improves
Source: The Globe and Mail
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsTransportation & Logistics
Oil prices fell to a two-week low as the prospect of additional Gulf supply eased disruption concerns. Iran indicated the Strait of Hormuz could reopen within seven days, while Saudi Arabia is preparing to resume crude exports through its Red Sea port of Yanbu, increasing expected supply availability.
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