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Jun
Jun
Oil Slumps as Middle East Tensions Ease and Tankers Return to Hormuz
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admin / 6 days
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- 2 min read
Global oil prices fell to around $72 per barrel on Thursday, their lowest level since the United States-Iran conflict began in February, as improving supply conditions and easing geopolitical tensions dampened market concerns. Brent crude futures for August delivery dropped by $1.06, or 1.44 per cent, to $72.68 per barrel by 0639 GMT, while U.S. […]
