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Crude oil remained below $90 per barrel on Wednesday following a sharp decline in the previous session, as signs of improving energy flows from the Middle East and another major release of emergency reserves in the US helped ease supply concerns. Analysts noted that the 10-day average of crude exports from the Middle E
Crude pared earlier losses and traded just below $83 a barrel on Wednesday as signs of increased Persian Gulf flows eased supply concerns; traders also weigh Hormuz shipping talks, EIA inventory data.
Oil prices decline as Europe heatwave intensifies and tech sector volatility continues