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<Commodity> Oil Slumps 11% as Supply Concerns Ease
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Iran's Foreign Minister announced that during the ceasefire between Israel and Lebanon, the Strait of Hormuz remains fully open, boosting market hopes of easing supply disruptions. Oil prices plunged on Friday in response. New York oil futures for May delivery settled down USD10.84, or 11.5%, at USD83.85. Brent oil futures for June delivery settled down USD9.01, or 9.1%, at USD90.38. (sw/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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