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Middle East Oil Markets Flash Signs of Abundance as Flows Rise
Source: Bloomberg
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & War
Middle East oil markets indicate near-term supply is outpacing demand for the first time since July. The article links the prior July episode to a temporary US-Iran ceasefire that allowed tankers to pass through the Strait of Hormuz, after which global prices plummeted; it gives no current price move or supply-demand figures.
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