Tag: Energy Market News
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Oil Prices Move Higher as Recovering Strait of Hormuz Traffic Reduces Fears of Supply Disruption
Oil prices rose and some of the fears of a major global supply disruption seemed to be allayed by the easing of traffic through the Strait of Hormuz. The move comes as energy markets watch one of the world’s most important oil shipping routes and consider how geopolitical risks could affect crude availability. The increase…
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