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Oil futures extend decline to five sessions on flow optimism

Oil futures extend their losing streak to five sessions amid optimism about Middle East crude flows, including expectations Saudi Arabia will restore a damaged pipeline, while dark transits continue through the Strait of Hormuz.

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Oil futures extend their losing streak to five sessions on optimism about oil flows out of the Middle East with Saudi Arabia set to restore its damaged pipeline while dark transits continue through the Strait of Hormuz. S. and Iran back to the negotiating table add downward p…