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Oil prices inch higher as focus shifts to supply, demand and Hormuz shipments
The Times of India
Oil prices saw a slight increase Tuesday after a tanker was struck near the Strait of Hormuz.
This incident raised security concerns on a vital global oil shipping route.
However, market gains were limited as traders focused on rising crude supplies.
The United Arab Emirates and OPEC+ have agreed to increase their oil production levels.
Saudi Arabia also lowered its August crude selling price for Asian markets. ...
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