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WTI declines to near $76.30 on eased concerns about oil supply disruptions in the Red Sea thumbnail

WTI declines to near $76.30 on eased concerns about oil supply disruptions in the Red Sea

WTI price edges lower after Israel’s series of strikes in Gaza's southern city of Rafah. Israeli Prime Minister Binyamin Netanyahu expressed his intention to escalate the military operation into Rafah. IMF MD Kristalina Georgieva highlighted that Middle Eastern economies were underperforming compared to growth projections. West Texas Intermediate (WTI) oil price halts its five-day winning
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