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Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook
Oil prices declined as the Strait of Hormuz reopened, reducing immediate supply concerns. Traders are now focusing on oil demand and OPEC's market outlook.
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Adjacent reporting
- Oil prices fall dramatically as Iran announces Strait of Hormuz reopening
- Asia markets set for mixed open as oil falls on Hormuz reopening hopes
- Stocks Rally as Oil Plunges on Reopening of Hormuz Strait
- Oil prices fall on hopes of Strait of Hormuz reopening
- Hormuz reopening to release wave of oil supply, depress prices