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Breaking Posted 4 hours ago

Oil Market Weeks From Breaking Point Despite 13M Barrel Supply Loss

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Three months after Strait of Hormuz blockage caused 13 million barrel per day supply disruption, oil prices remain under $100 amid U.S.-Iran deal hopes. China cut imports to multi-year lows while U.S. boosted crude exports to records, providing market buffers. USD strength from higher oil prices could impact major pairs as energy costs drive inflation expectations. Commodity currencies like CAD and NOK face volatility from oil market instability.
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