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Oil slips as Middle East crude exports rise, G7 to release stocks

Oil prices have seen a decline as increased crude exports from the Middle East and stock releases from G7 nations boost supply levels. Brent crude futures fell by 0.34% to $101.90 a barrel, while US West Texas Intermediate dropped by 0.68%. The G7's release of 100 million barrels is alleviating immediate supply concerns, although Houthi attacks on Saudi facilities are raising worries about Gulf infrastructure.

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Economic TimesLean R·1h ago
Oil slips as Middle East crude exports rise, G7 to release stocks
Oil prices have seen a decline as increased crude exports from the Middle East and stock releases from G7 nations boost supply levels. Brent crude futures fell by 0.34% to $101.90 a barrel, while US West Texas Intermediate dropped by 0.68%. The G7's release of 100 million barrels is alleviating immediate supply concerns, although Houthi attacks on Saudi facilities are raising worries about Gulf infrastructure.
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Oil slips as Middle East crude exports rise, G7 to release stocks

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