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Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases

MarketWatch

BusinessMarketWatch·Jun 30, 2026·1 min read

Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases

Workarounds for the Strait of Hormuz chokepoint and a drop in crude imports to China helped ease the impact of lost Persian Gulf oil.

View original source — MarketWatch ↗

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