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News 2026-10-21 20:44 UTC

Oil Wavers Below $98 as Supply Recovers

Crude oil prices wavered below $98 a barrel on Wednesday after briefly reaching $100 in a volatile session. Rising crude flows from the Middle East have begun to weigh on prices, with producers ramping up shuttle shipments through the Strait of Hormuz and ship-to-ship transfers in the Gulf of Oman. Tanker-tracking serv