Oil output from Persian Gulf nations is running 14.5 million barrels a day below pre-war levels this month, according to Goldman Sachs. The bank said any resumption would take months, underscoring a potentially prolonged supply disruption. The news is negative for oil markets and could keep crude prices elevated due to tighter supply.
Oil output from Persian Gulf nations is running 14.5 million barrels a day below pre-war levels this month, according to Goldman Sachs. The bank said any resumption would take months, underscoring a potentially prolonged supply disruption. The news is negative for oil markets and could keep crude prices elevated due to tighter supply.
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moderately negative
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